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

The company has announced a board meeting outcome where it approved the allotment of 2,01,51,801 equity shares, each with a face value of Rs. 10, to holders of Optionally Convertible Debentures (OCDs) at a price of Rs. 31 per share, including a premium of Rs. 21. This conversion is part of a larger outstanding OCD amounting to Rs. 62.47 crore. The new equity shares will align with the existing shares of the company.