what happened to electrosteel shares

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

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