The Vedanta-owned company was re-listed after the insolvency procedure. Electrosteel Steels: Get Electrosteel Steels Latest News, Videos and Photos also find Breaking news, updates, information on Electrosteel Steels. Electrosteel Steels Ltd. share price live updates on The Economic Times. You might want to buy the stock tomorrow in intra day with a stoploss of 1.1, for a target of 1.3 or 1.38 ESL Electrosteel Steels is falling or rising NEWS fundamental reasons For reprint rights: Electrosteel Steels acquisition led to a turnaround in firm: Vedanta, Electrosteel Steels shares go haywire on delisting announcement, Vedanta acquires management control of Electrosteel Steels, Vedanta gets management control of Electrosteel Steels, IMA for Electrosteel Steels till Vedanta gets control, IBBI slaps penalty on Electrosteel Steels resolution professional. Our digital streaming service includes comprehensive live programming on a daily basis, from global and domestic markets, coverage to views from the most influential newsmakers in business and finance. The company has allotted nearly 740 crore equity shares to 26 lenders, out of which the country's largest lender State Bank of India got 271,61,79,203 equity shares. Former legislator says 11 of the 19 MLAs could leave party soon, Tax benefits for an HUF and How to create capital for HUF, Webinar Presented by Knowlarity & Freshworks. Anil Agarwal group-owned Vedanta said it has won the bid to acquire bankrupt Electrosteel Steels in an insolvency auction. Size Micro Cap Style Market Cap £n/a: Enterprise Value £n/a: Revenue: £505.6m: Position in Universe: th / 3027 Quality. Internationally certified superior quality DI Pipes and Fittings. 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Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. ISO 9001:2015. Spécialiste de la fonte ductile, Electrosteel produit des systèmes complets de canalisations pour l'assainissement, l'adduction d'eau et l'irrigation. NCLAT declines to stay delisting of ElectroSteel Steels by Vedanta On May 30, NCLAT allowed Vedanta to make a Rs 5,320 crore upfront payment to lenders for acquiring Electrosteel Steels with a caveat that the payment would be subject to the outcome of the petition filed … The board of Electrosteel Steels will meet on Monday to mull delisting. Tomorrow is different. Livrables en 72h. Haute résistance, haute durée de vie. The delisting proposal was taken on record and approved, in the meeting of the board of directors held today, the company said in a BSE filing. On June 21, Electrosteel Steels informed exchanges that it has remitted the amount to its financial creditors. This is an invitation to tender your Equity Shares of Electrosteel Steels Limited to the Acquirer at the Exit Price of INR 9.54 per Equity Share, subject to the terms and conditions provided below. The rest of the lenders got less than 4 percent each. The delisting proposal was taken on record and approved, in the meeting of the board of directors held today, the company said in a BSE filing. Get latest Electrosteel St News/Updates and Results/Analysis. DI Pipes Fittings & Special Other Products. Explore more on Electrosteel Steels. The total income of the company increased to Rs 1,046.15 crore in April-June quarter over Rs 814.94 crore in the year-ago period, it said. Electrosteel Steels Ltd. was incorporated in the year 2006. The Vedanta-owned company was re-listed after the insolvency procedure. 26/02/2020 02:07:04 PM Share: ET Auto @ETAuto. Read more about Electrosteel Steels board approves delisting of company on Business Standard. Explore more on Electrosteel. Vedanta Star Ltd, a wholly-owned subsidiary of Vedanta Ltd, intended to make a delisting offer to the existing shareholders of Electrosteel, offering an equivalent exit price of 9.54 per equity share On May 30, NCLAT allowed Vedanta to make a Rs 5,320 crore upfront payment to lenders for acquiring Electrosteel Steels with a caveat that the payment would be subject to the outcome of the petition filed by Renaissance Steel challenging Vedanta’s bid. Electrosteel St Standalone September 2018 Net Sales at Rs 1,098.68 crore, up 44.14% Q-o-Q, Electrosteel reports net profit of Rs 927.96 crore for April-June quarter, NSE imposes Rs 1 crore penalty on Electrosteel Steels for non-compliance of disclosure norms, Vedanta acquires management control of Electrosteel Steels, Electrosteel allots shares worth Rs 7,400 cr to lenders; SBI gets largest chunk, Electrosteel allots shares worth Rs 7,400 cr to lenders, Vedanta deposits Rs 5,320 cr in Electrosteel Steels escrow account, CCI approves acquisition of Electrosteel Steels by Vedanta, Vedanta wins bid to acquire Electrosteel Steels, Renaissance Steel questions Tata Steel, Vedanta's eligibility for Electrosteel bid, We see great opportunity to grow in India: Tata Steel, Lenders likely to miss December-end IBC resolution deadline for steel companies, Ban trading in firms referred to NCLT, says Sajjan Jindal, Electrosteel Steels rallies 13% as six players submit expression of interest for acquisition, Six players submit an Expression of Interest for debt-laden Electrosteel Steels: Sources, Electrosteel Steels gains 20% on buzz of Edelweiss making bailout offer, Edelweiss Group to bail out Electrosteel Steels: Sources, Electrosteel Steels, Tinplate slip 5-6% on poor Q3 numbers, Stocks in news: BSE, Tata Power, Glenmark, Sun TV, Ujjivan, Starbridge Finance sells 12 lakh shares of Electrosteel Steels, Starbridge Finance sells 1.2 cr shares of Electrosteel Steels, Stocks in news: M&M, NHPC, Puravankara, Claris, Banco Products, Roundabout Finance sells 1.2 cr shares of Electrosteel Steels, Four key factors that will drive gold prices in January, Home sales across top eight cities touch 94,997 units; Rs 50 lakh homes make up approximately 57% of the total sales, 3-Point Analysis | World Bank: India’s GDP to plunge 9.6%, Global Economy to Expand By 4% In FY21, Explained | Why India’s Manufacturing PMI Rises To 56.4 In December 2020. 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