MSP Steel & Power Limited — Important, 12-12-2024: General Updates

A request for the conversion of Optionally Convertible Debentures (OCDs) into equity shares has been received from Indian Bank, one of the lenders. The OCDs, originally issued in March 2018 as part of a loan restructuring scheme, are being converted at a total value of approximately ₹62.47 crore. This includes an original value of ₹54.19 crore and a yield to maturity of ₹8.28 crore. The company will proceed with the allotment of shares to Indian Bank as part of this conversion process. This move may enhance the company's equity base and positively impact its financial structure, warranting attention from investors.