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Board approved a scheme to transfer MSP Sponge Iron’s manufacturing undertaking, with June 2026 net worth of ₹546.08 crore, turnover of ₹390.66 crore and assets of ₹693.87 crore, into MSP Steel. MSP Steel will issue five shares per MSP Sponge share; promoter holding rises from 45.12% to 59.52%, subject to approvals.
MSP Steel & Power Approves Scheme To Absorb MSP Sponge Business
MSP Steel Promoters Acquire 2.3% Stake Lifting Holding to 45.1%
MSP Steel Promoters Acquire 2.6% Stake Lifting Holding to 42.8%