MSP Steel & Power Limited — Board Meeting, 31-12-2024: Outcome of Board Meeting

The Board has announced the allotment of 1,79,23,751 equity shares with a face value of ₹10 each at ₹46 per share, following the conversion requests from holders of optionally convertible debentures (OCDs). This placement, amounting to approximately ₹82.45 crore, was made on a preferential basis. The new shares will rank equally with existing equity shares. This move reflects the company’s strategy to enhance shareholder value while facilitating the conversion of outstanding debts into equity, strengthening its financial position.