MSP Steel & Power Ltd files SEBI Reg 29(2) disclosure on Swagat Trexim acquisition

What MSP Steel & Power Ltd announced

MSP Steel & Power Ltd (BSE: 532650) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing, made on 19 June 2026, informs the market that the company has acquired a substantial shareholding in Swagat Trexim Pvt Ltd. The announcement does not contain further quantitative details.

Details of the Regulation 29(2) filing

Regulation 29(2) requires any entity that acquires a shareholding of 5% or more in a listed company, or a shareholding that would result in a change of control, to disclose the acquisition to the stock exchanges. While the filing confirms that MSP Steel & Power Ltd meets this threshold for Swagat Trexim Pvt Ltd, the document does not disclose the exact percentage of shares acquired, the number of shares, or the monetary consideration involved.

Key facts at a glance

Why this matters for investors

The filing signals that MSP Steel & Power Ltd has taken a material position in Swagat Trexim Pvt Ltd, which could affect the latter’s ownership structure and future strategic direction. Under SEBI rules, such disclosures aim to provide transparency to shareholders and the market about potential shifts in control. Investors should monitor any subsequent announcements that may reveal the size of the stake, the purpose of the acquisition, and any related agreements.

Conclusion

MSP Steel & Power Ltd has complied with SEBI’s takeover disclosure requirements by filing a Regulation 29(2) notice for its acquisition of shares in Swagat Trexim Pvt Ltd on 19 June 2026. The filing confirms a substantial shareholding but does not disclose the exact stake or consideration. Further details, if any, are expected to be communicated in future filings or press releases.