Latest Electrosteel Steels Share Price - Live ELECTROSL share price quotes, charts, profile, RNS & company financials for NSI:ELECTROSL The merger terms say that ECL, as promoter of SPL, will be excluded from the share swap deal. The share swap ratio had a telling effect on SPL stock, which tanked 29.3 per cent after the deal was announced. 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. 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 This will alert our moderators to take action. 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. However, the shares hit … 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. Why follow tips? Browse Electrosteel St stock discussion, ideas, questions and answers online at Moneycontrol.com. Electrosteel Steels serves customers worldwide. Electrosteel Europe S.A. 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: Promoters’ share buying stirs disquiet. 34-36 D-35606 Solms-Burgsolms Phone No. Electrosteel Castings Ltd Share Price- Get Electrosteel Castings Ltd Stock/Share prices. Check out why Electrosteel Steels share price is today. 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. 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. Days Trial 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. Get detailed Electrosteel Steels stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. Electrosteel Steels ESL share price forecast & targets for mid-term is a downtrend, and nearest possible share price target is 1.05 or 1.15. Read More. Download The Economic Times News App to get Daily Market Updates & Live Business News. +49 6442 9559 340 Fax No. 0.25 per share. Electrosteel Steels Ltd. Stock/Share prices today, Electrosteel Steels Ltd. Live BSE/NSE. Your Reason has been Reported to the admin. 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. The current face value of an Electrosteel share is Rs 10. Electrosteel Europe S.A. Lahnstr. On NSE, the shares were locked in upper circuit of nearly 5 per cent at Rs 22.40. Electrosteel Castings Ltd. was incorporated in the year 1955. 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. Zone Industrielle Nord 9, Rue Galilee F13200 Arles France Phone No. Its today's share price is 31.05. The sharp volatility prompted BSE to seek clarification from ECL on Tuesday. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Electrosteel USA is proud to remain open and serving our clients. After all, the share price is down 50% in the last three years, significantly under-performing the market. Electrosteel Steels Ltd. was incorporated in the year 2006. Check Electrosteel Castings Ltd's Live BSE/NSE prices with Historic data. Shareholding Pattern Promoters pledge decreased from 84.34% to 80.09% of holdings in qtr. Stay updated with the Electrosteel Steels Ltd Announcements, News & expert updates on shares. On October 5, ECL informed the bourses that it intended to merge Srikalahasthi Pipes Ltd, an associate company of Electrosteel Casting … While ECL had a turnover of Rs 2,479.89 crore, SPL clocked Rs 1,662.9 crore in 2019-20. Inciting hatred against a certain community, 15 Choose your reason below and click on the Report button. It must have taken at least a month or more, during which the shares were bought,” Subramanian said while responding to a question from The Telegraph. Promoters have increased holdings from 52.41% to 55.19% in Sep 2020 qtr. 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. Click here to … Text messages sent to Umang Kejriwal, managing director of the company, also failed to elicit any response. Buy and Sell Electrosteel Steels Limited Unlisted Shares at Best Prices at UnlistedZone.com. Despite the challenges around COVID-19, we are still shipping out pipe for your next project. Electrosteel Castings Limited (ECL) is a pioneer in the production of Ductile Iron Pipes in India, with a strong presence in over 70 countries across the globe. Get Electrosteel Castings Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. 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. A merger would not have happened overnight. 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. 10 each for cash, at a premium to … All rights reserved. Get details on Electrosteel Steels Ltd. news, dividends, financial report, shareholding, company profile, annual report, quarterly results, profit and loss account, results and more. For reprint rights: delisting will be on old shares possessed by us or on the basis of 1:50.People have been cheated and we won''t participate in this process.Brief the process in easy way. The fact that promoters were buying shares leading up to the announcement calls for a suo motu investigation by the market regulator Sebi, said Shriram Subramanian of InGovern, a proxy advisory and corporate governance firm. “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. The Company offers pig iron, billets, TMT bars, wire rods, and ductile iron pipes. 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. Decision on to buy or sell Electrosteel-Castings-Ltd NSE Stocks gets more clarity after reading these charts. Get Electrosteel Steels Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. Electrosteel Steels share price live updates on The Economic Times. ist possible to vedanta give me a share as per ratio? Let's reshape it today, Hunt for the brightest engineers in India. ECL stock hit a 52-week high on the bourses on October 5, rising prodigiously at the end of September. 15 Essentially, Electrosteel Steels is getting a valuation of around Rs. Under the proposed scheme, the shareholding of the promoter group will dip to 44.01 per cent in the merged entity. The Kejriwal family from Calcutta held 52.41 per cent stake in ECL as on June 30, 2020. Copyright © 2020 The Telegraph. 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. On October 5, ECL informed the bourses that it intended to merge Srikalahasthi Pipes Ltd, an associate company of Electrosteel Casting based in Andhra Pradesh, with itself. Number of shares = 980 crore Face Value: 20 paise per share. Choose your winners rationally in 3 simple steps! The stock had closed at Rs 16.07 a share on August 25, when the promoter group started buying through market purchase. 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. That will be reduced to 20 paise per share. Electrosteel Steels Ltd. manufactures metal products. Electrosteel Steels Ltd ( ELECTROSL ) - Get latest Electrosteel Steels Ltd Share Price live, Historical Charts, Volume, Stock Performance, Quotes & company details. 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. yes or no? Its current market capitalisation stands at Rs 6091 Cr. Vedanta will subscribe to Electrosteel shares for $275.7 million and infuse $536.9 million to settle Electrosteel debt owed to its financial creditors. 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. 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. Its today's share price is 20.55. They holding 90% shares through NCTL.. Buy back offer was given us, only 0. 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. 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. 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. 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. Even after it gets into fantastic production metrics, it’s probably worth less than Rs. We’re changing how utilities think about Ductile Iron Pipe. +49 6442 9559 341 URL : www.electrosteel.de. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Tomorrow is different. Its current market capitalisation stands at Rs 889.72 Cr. The company replied that it understands that the significant price movement may be due to the intimation of the draft merger scheme with SPL. Share Price of Electrosteel Steels Limited Today. Days Trial. 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. 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. Electrosteel Steels is currently trading at 1.15 However, if the trend reverses from this point, then a possible future share price target could be 3 or 1.15 How your focus on sustainability can actually increase in sales, Electrosteel Steels acquisition led to a turnaround in firm: Vedanta, Electrosteel Steels board approves delisting of company, Vedanta acquires management control of Electrosteel Steels, Vedanta gets management control of Electrosteel Steels, IMA for Electrosteel Steels till Vedanta gets control. i have 200 shares of this company what i will do ?????? It’s more than just colors, coatings, quality and more competition! Electrosteel Integrated Limited is entering in the capital markets with an initial public offering, IPO of 368,772,000 equity shares of Rs. 0.08 (8 paise) per share today, after lenders are issued shares for their hair cut, and then Vedanta is issued new shares. + 33 4 90 96 81 31 He said the management had no information about it. France. This newspaper reached out to Ashutosh Agarwal, executive director (group finance) and CFO of ECL for comment. Do you what VEDANTA done in Electrosteel..? Number of shares = 19.6 crore “Anybody who is in possession of unpublished price sensitive information must not use it. When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. As per ratio, Quarterly results information, and nearest possible share price is 50. Clocked Rs 1,662.9 crore in 2019-20 Sell electrosteel-castings-ltd NSE Stocks gets more clarity after reading these.! Stock price News and analysis, Dividend, Bonus Issue, Quarterly results information, and Ancillary Products! Price vs volume charts at AxisDirect helps you gauge Return on equity, Debt-Equity ratio and company... Market updates & live Business News crore face value of an Electrosteel share is Rs 10 vedanta. 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