MSP Steel & Power Limited — Board Meeting, 24-12-2024: Outcome of Board Meeting

The Board has concluded a meeting where key decisions were made, including the allotment of 3,65,59,437 equity shares at ₹35 each (₹10 face value and ₹25 premium) to the promoter group, raising the paid-up capital to ₹421.97 crore. Additionally, the Board decided to further discuss the allotment of equity shares upon the conversion of Optionally Convertible Debentures (OCDs) at the next meeting. This indicates ongoing strategic actions to bolster equity financing and manage debt instruments effectively.