Electrosteel Europe S.A. Even after it gets into fantastic production metrics, it’s probably worth less than Rs. As on 17 Thu Dec 2020 Stock of Electrosteel Castings closed at 22.75 and moved within a range of 22.50 & 23.60 with a total volume of 968717 during the day, which is -0.22% from previous closing of 22.80 and a volume of 1.24 times from previous volume of 781394. They holding 90% shares through NCTL.. Buy back offer was given us, only 0. Electrosteel Castings: Promoters’ share buying stirs disquiet. Shareholders of Electrosteel Steels, which has been acquired by the London-listed Vedanta group in an insolvency auction, are set to end up with peanuts. Essentially, Electrosteel Steels is getting a valuation of around Rs. Electrosteel Steels Ltd. manufactures metal products. When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion, Mirae Asset Emerging Bluechip Fund Direct-Growth, ICICI Prudential Bluechip Fund Direct-Growth, Electrosteel Steels shares go haywire on delisting announcement. It’s more than just colors, coatings, quality and more competition! Electrosteel Castings Ltd Share Price- Get Electrosteel Castings Ltd Stock/Share prices. Electrosteel Steels Ltd. Stock/Share prices today, Electrosteel Steels Ltd. Live BSE/NSE. Why follow tips? Tomorrow is different. i have 200 shares of this company what i will do ?????? The merger will be done through a share swap deal under which shareholders of SPL will get 59 shares of ECL of face value Re 1 for every 10 shares of face value Rs 10 held in SPL. Its current market capitalisation stands at Rs 889.72 Cr. He said the management had no information about it. 0.08 (8 paise) per share today, after lenders are issued shares for their hair cut, and then Vedanta is issued new shares. Backed by the steady purchase of shares in the run up to the merger deal, the shareholding rose to 55.19 per cent at the end of September 30, 2020. In all, they acquired shares worth Rs 17.36 crore up to September 29, 2020, translating into 2.35 per cent of the equity capital of the company. The share swap ratio had a telling effect on SPL stock, which tanked 29.3 per cent after the deal was announced. Check out why Electrosteel Steels share price is today. After all, the share price is down 50% in the last three years, significantly under-performing the market. Get Electrosteel Steels Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. Zone Industrielle Nord 9, Rue Galilee F13200 Arles France Phone No. On October 5, ECL informed the bourses that it intended to merge Srikalahasthi Pipes Ltd, an associate company of Electrosteel Casting … France. Read More. As per circular to bse, electrosteel have alloted preferential shares to lenders like sbi, Canara bank, hudco, iifl, etc for which debt will be repaid by vedanta. The merger terms say that ECL, as promoter of SPL, will be excluded from the share swap deal. Members of the Exchange are hereby informed that the trading in the equity shares of Electrosteel Steels Limited shall be suspended w.e.f. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Share Price of Electrosteel Steels Limited Today. Get detailed Electrosteel Steels stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. The Kejriwal family from Calcutta held 52.41 per cent stake in ECL as on June 30, 2020. Get complete details on Electrosteel share price data, company profile data, company news, intraday charts, EOD charts, financial data, peer comparison, company results, company reports, company meetings, investors returns data etc. Browse Electrosteel St stock discussion, ideas, questions and answers online at Moneycontrol.com. Promoters have increased holdings from 52.41% to 55.19% in Sep 2020 qtr. 15 NEW DELHI: Shares of Electrosteel Steels hit lower circuit on BSE on Tuesday after the board on Monday approved the proposal to delist the company. 34-36 D-35606 Solms-Burgsolms Phone No. Get details on Electrosteel Steels Ltd. news, dividends, financial report, shareholding, company profile, annual report, quarterly results, profit and loss account, results and more. While ECL had a turnover of Rs 2,479.89 crore, SPL clocked Rs 1,662.9 crore in 2019-20. Despite the challenges around COVID-19, we are still shipping out pipe for your next project. Electrosteel Europe S.A. Lahnstr. Days Trial Products comply with the many International and European Standards for conveyance of potable drinking water, raw water and wastewater. Electrosteel are a leading manufacturer of Ductile Iron Pipes, Fittings, and Ancillary Pipeline Products supplying around the globe. The sharp volatility prompted BSE to seek clarification from ECL on Tuesday. Electrosteel Steels Ltd ( ELECTROSL ) - Get latest Electrosteel Steels Ltd Share Price live, Historical Charts, Volume, Stock Performance, Quotes & company details. Electrosteel Steels Ltd. was incorporated in the year 2006. Electrosteel Steels share price live updates on The Economic Times. The current face value of an Electrosteel share is Rs 10. Electrosteel USA is proud to remain open and serving our clients. Download The Economic Times News App to get Daily Market Updates & Live Business News. It rose to Rs 27 during the market hours on October 5, representing a gain of 68 per cent in a little over one month. 10 each for cash, at a premium to … Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Electrosteel Castings Ltd. was incorporated in the year 1955. Let's reshape it today, Hunt for the brightest engineers in India. Inciting hatred against a certain community, 15 Under the proposed scheme, the shareholding of the promoter group will dip to 44.01 per cent in the merged entity. +49 6442 9559 341 URL : www.electrosteel.de. ist possible to vedanta give me a share as per ratio? Text messages sent to Umang Kejriwal, managing director of the company, also failed to elicit any response. Electrosteel Castings Limited (NSE:ELECTCAST) shareholders should be happy to see the share price up 19% in the last quarter.But that doesn't help the fact that the three year return is less impressive. Its today's share price is 31.05. Choose your winners rationally in 3 simple steps! The shares will then be consolidated (the opposite of a stock split) such that 100 shares of 20 paise face value each will total 2 shares of Rs 10 face value each. “The problem in India is that there is a lack of fear among the promoters about the market regulator, which creates its own problem,” Subramanian argued. Get Electrosteel Castings Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. Your Reason has been Reported to the admin. Number of shares = 980 crore Face Value: 20 paise per share. Check Electrosteel Castings Ltd's Live BSE/NSE prices with Historic data. However, after hitting a high, the ECL stock came off sharply to close the day at Rs 21.50, losing by close to 20.5 per cent. The company replied that it understands that the significant price movement may be due to the intimation of the draft merger scheme with SPL. View the latest share news for ELECTROSTEEL STEELS and NSI:ELECTROSL RNS announcements, along with all the share chat by members of the Stockopedia community Promoters held 48.15 per cent stake in SPL, which includes 41.33 per cent direct shareholding by ECL, which has a plant in Khardah on the outskirts of Calcutta. Choose your reason below and click on the Report button. Days Trial. Number of shares = 19.6 crore +49 6442 9559 340 Fax No. Buy and Sell Electrosteel Steels Limited Unlisted Shares at Best Prices at UnlistedZone.com. + 33 4 90 96 81 31 Get today's Electrosteel Steels Ltd stock price and latest ELES news as well as Electrosteel Steels real-time stock quotes, technical analysis, full financials and more. This will alert our moderators to take action. The promoters and directors of ductile iron pipe maker Electrosteel Castings bought close to 1.02 crore shares from the market in the run up to the announcement of a proposed merger with an associate company. Electrosteel-Castings-Ltd Stock/Share Prices and its Price vs Volume charts at AxisDirect helps you gauge Return on Equity, Debt-Equity ratio and other critical parameters. That will be reduced to 20 paise per share. This newspaper reached out to Ashutosh Agarwal, executive director (group finance) and CFO of ECL for comment. Vedanta will subscribe to Electrosteel shares for $275.7 million and infuse $536.9 million to settle Electrosteel debt owed to its financial creditors. In this article, I will take a quick look at Electrosteel Steels Limited’s (NSEI:ESL) recent ownership structure – an unconventional investing subject, but an important one. Stay updated with the Electrosteel Steels Ltd Announcements, News & expert updates on shares. Data available with the stock exchange — filed under section 7(2) of Prohibition of Insider Trading Regulations, 2015 — reveals 25 transactions involving promoter group entities and directors starting from August 25. Copyright © 2020 The Telegraph. 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