Members of the Exchange are hereby informed that the trading in the equity shares of Electrosteel Steels Limited shall be suspended w.e.f. Download The Economic Times News App to get Daily Market Updates & Live Business News. Its today's share price is 31.05. Electrosteel Steels Ltd. was incorporated in the year 2006. Days Trial. + 33 4 90 96 81 31 Why follow tips? 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. 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. When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. Text messages sent to Umang Kejriwal, managing director of the company, also failed to elicit any response. Promoters have increased holdings from 52.41% to 55.19% in Sep 2020 qtr. ECL stock hit a 52-week high on the bourses on October 5, rising prodigiously at the end of September. 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. Its current market capitalisation stands at Rs 889.72 Cr. Choose your reason below and click on the Report button. On October 5, ECL informed the bourses that it intended to merge Srikalahasthi Pipes Ltd, an associate company of Electrosteel Casting … 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. Decision on to buy or sell Electrosteel-Castings-Ltd NSE Stocks gets more clarity after reading these charts. 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 … Despite the challenges around COVID-19, we are still shipping out pipe for your next project. Electrosteel Steels serves customers worldwide. Tomorrow is different. Electrosteel Steels Ltd ( ELECTROSL ) - Get latest Electrosteel Steels Ltd Share Price live, Historical Charts, Volume, Stock Performance, Quotes & company details. yes or no? Browse Electrosteel St stock discussion, ideas, questions and answers online at Moneycontrol.com. 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. 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. 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. Copyright © 2020 The Telegraph. The stock had closed at Rs 16.07 a share on August 25, when the promoter group started buying through market purchase. 0.25 per share. Days Trial 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. Electrosteel Steels Ltd. manufactures metal products. The Company offers pig iron, billets, TMT bars, wire rods, and ductile iron pipes. Electrosteel Europe S.A. This newspaper reached out to Ashutosh Agarwal, executive director (group finance) and CFO of ECL for comment. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Electrosteel Castings: Promoters’ share buying stirs disquiet. A merger would not have happened overnight. Even after it gets into fantastic production metrics, it’s probably worth less than Rs. 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 Electrosteel USA is proud to remain open and serving our clients. Its today's share price is 20.55. Stay updated with the Electrosteel Steels Ltd Announcements, News & expert updates on shares. After all, the share price is down 50% in the last three years, significantly under-performing the market. France. Vedanta will subscribe to Electrosteel shares for $275.7 million and infuse $536.9 million to settle Electrosteel debt owed to its financial creditors. “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. 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. 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 merger terms say that ECL, as promoter of SPL, will be excluded from the share swap deal. +49 6442 9559 341 URL : www.electrosteel.de. Read More. 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. Copyright © 2021 Bennett, Coleman & Co. Ltd. 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. 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. All rights reserved. It’s more than just colors, coatings, quality and more competition! He said the management had no information about it. Get Electrosteel Steels Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. “Anybody who is in possession of unpublished price sensitive information must not use it. Electrosteel Steels share price live updates on The Economic Times. Buy and Sell Electrosteel Steels Limited Unlisted Shares at Best Prices at UnlistedZone.com. 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. i have 200 shares of this company what i will do ?????? Number of shares = 19.6 crore This will alert our moderators to take action. Shareholding Pattern Promoters pledge decreased from 84.34% to 80.09% of holdings in qtr. 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. On NSE, the shares were locked in upper circuit of nearly 5 per cent at Rs 22.40. Share Price of Electrosteel Steels Limited Today. 15 Choose your winners rationally in 3 simple steps! 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. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. 0.08 (8 paise) per share today, after lenders are issued shares for their hair cut, and then Vedanta is issued new shares. Electrosteel Steels Ltd. Stock/Share prices today, Electrosteel Steels Ltd. Live BSE/NSE. Let's reshape it today, Hunt for the brightest engineers in India. Zone Industrielle Nord 9, Rue Galilee F13200 Arles France Phone No. ist possible to vedanta give me a share as per ratio? We’re changing how utilities think about Ductile Iron Pipe. Check out why Electrosteel Steels share price is today. Under the proposed scheme, the shareholding of the promoter group will dip to 44.01 per cent in the merged entity. Check Electrosteel Castings Ltd's Live BSE/NSE prices with Historic data. Its current market capitalisation stands at Rs 6091 Cr. 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. That will be reduced to 20 paise per share. However, the shares hit … Inciting hatred against a certain community, 15 +49 6442 9559 340 Fax No. Latest Electrosteel Steels Share Price - Live ELECTROSL share price quotes, charts, profile, RNS & company financials for NSI:ELECTROSL Number of shares = 980 crore Face Value: 20 paise per share. 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. And nearest possible share price, historical charts, volume, market performance, reports and other details... 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