Stock analysis for Electrosteel Castings Ltd (ELSC:Natl India) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Copyright © 2020 The Telegraph. Find latest Electrosteel Steels Share Price or Stock Price on both NSE & BSE. Unlimited access to all content on any device through browser or app. Browse Electrosteel St stock discussion, ideas, questions and answers online at Moneycontrol.com. Electrosteel, which is setting up a 2.5 million tonne steel plant near Bokaro, owes lenders Rs13,395 crore. 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. 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. To cancel, communicate from your registered email id and send the mail with the request to, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). The company replied that it understands that the significant price movement may be due to the intimation of the draft merger scheme with SPL. Your support through more subscriptions can help us practise the journalism to which we are committed. 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. Nobody is going to give any value for existing shares. CARE Ratings Limited Rating Withdrawal Letter - 14 January 2020; India Ratings & Research Private Limited Rating Letter - 29 March 2019 The sharp volatility prompted BSE to seek clarification from ECL on Tuesday. He said the management had no information about it. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. We believe in free, fair and credible journalism. Not that the share price is anything to write home about. Its current market capitalisation stands at Rs 6091 Cr. Get detailed Electrosteel Steels Ltd. stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. Digital Editor. For instance, consider the delisting case of Electrosteel Steels which was acquired by Vedanta Group. Electrosteel Steels Ltd. was incorporated in the year 2006. 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 LIMITED Members of the Exchange are hereby informed that the trading in the equity shares of Electrosteel Steels Limited shall be suspended w.e.f. The good news is acquirer Vedanta Star, a wholly owned subsidiary of the London-listed Vedanta Resources Plc, will pay shareholders close to 19 paise per … However, the shares hit the upper circuit of five per cent on NSE. industry. 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. Track stock prices in your portfolio. Track the industry of your choice with a daily newsletter specific to that The company offered a delisting price of only 19 paise per share while the Electrosteel shares were trading at around Rs 26 in the stock exchange platform at the time of announcement. 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. ELECTROSTEEL STEELS LIMITED Share Price Today, Live NSE Stock Price: Get the latest ELECTROSTEEL STEELS LIMITED news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss account, research, results and more details at NSE India. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. In the first big public stock bankruptcy resolution, Electrosteel Steels has been declared bankrupt and has now been sold. The Electrosteel Castings PE ratio based on its reported earnings over the past 12 months is 89.86. That’s the bad news. The stock of SPL tanked 18 per cent to Rs 109.50 on the … Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked. Shares of Srikalahasthi Pipes (SPL) and Electrosteel Castings (ECL) tanked up to 18 per cent on the BSE in the intra-day trade on Tuesday after their respective boards on Monday approved a draft scheme of amalgamation for the merger. Shares shall be discontinued with effect from December 13, 2018, and that the Equity Shares shall be delisted from BSE and NSE with effect from December 20, 2018 (“ BSE Date of Delisting ”) and December 20, 2018 … Text messages sent to Umang Kejriwal, managing director of the company, also failed to elicit any response. Electrosteel Insolvency  |  Vedanta  |  Nclt, Vishal Chhabria & Ishita Ayan Dutt  |  More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. “We would seriously be evaluating options in Karnataka (where Vedanta has) iron-ore mines. Unclaimed Share Application Money Transferred to IEPF Unclaimed Share Application Money as on 23rd September 2016 Unclaimed Share Application Money as on 11th September 2015 Unclaimed Share Application Money as on 16th September, 2014 Unclaimed Share Application Money as on 23rd July, 2013 Unclaimed Share Application Money as on 7th August, 2012 Unclaimed Share Application Money … Topics Last Updated at June 8, 2018 07:04 IST. 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 Electrosteel Steels Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. 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. MUMBAI: Vedanta’s Electrosteel Steels is evaluating a greenfield project in Karnataka while it is in the process of doubling capacity in its Bokaro steel plant to 3 million tonnes in the next two years at a cost of about Rs 5,000 crore, CEO Pankaj Malhan told ET in an interview. Exclusive content, features, opinions and comment – hand-picked by our editors, just for you. 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 Steels Ltd Live BSE Share Price today, Esl latest news, 533264 announcements. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Its today's share price is 31.05. 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. 19,61,67.34 lakhs divided into 196,16,73,420 equity shares of Rs.10 each. f) Consequent to the above allotment and consolidation of shares, the equity share capital of the company stands at Rs. A statement issued by Electrosteel to the BSE on 5 June read: “As per the resolution plan, the shareholders of the company will be paid Rs 0.19 per equity share they hold as on date (pre-capital reduction price).” Track the industry of your choice with a daily newsletter specific to that industry. Support quality journalism and subscribe to Business Standard. I do not understand why people are buying shares of the companies which under IBC have been referred to NCLT. At least 60 listed entities are at various stages under the Insolvency and Bankruptcy Code. Zero - that is a possibility, due to the fact that Tata Steel has bought Bhushan Steel. “Anybody who is in possession of unpublished price sensitive information must not use it. 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. Way lower... Key stories on business-standard.com are available to premium subscribers only is of. Through market purchase and send the email with the cancellation request to Energy Ltd., taken over JSW... By RBI for immediate Bankruptcy proceedings opinions and comment - hand-picked by our,..., rising prodigiously at the end of September terms say that ECL, as promoter of SPL, be... Electrosteel will get some part ( but not all ) of the promoter group will dip to 44.01 per stake... 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