The Board of Directors of MSP Steel & Power Ltd at its meeting held on January 27th 2012, have considered and approved issue of 10,000,000 Equity Shares of INR 10 per each at a price not less than the price as determined in accordance with SEBI (Issue Of Capital and Disclosure Requirements) Regulations, 2009 to promoters and non promoter on preferential basis. The said approval from shareholders was sought to be obtained through postal ballot.

(Sourced from Equity Bulls)