what happened to electrosteel shares

He said the management had no information about it. Stay updated with the Electrosteel Steels Ltd Announcements, News & expert updates on shares. Its today's share price is 31.05. Copyright © 2020 The Telegraph. A merger would not have happened overnight. + 33 4 90 96 81 31 Text messages sent to Umang Kejriwal, managing director of the company, also failed to elicit any response. 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 Zone Industrielle Nord 9, Rue Galilee F13200 Arles France Phone No. 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. Under the proposed scheme, the shareholding of the promoter group will dip to 44.01 per cent in the merged entity. Inciting hatred against a certain community, 15 The Kejriwal family from Calcutta held 52.41 per cent stake in ECL as on June 30, 2020. Click here to … 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 Electrosteel Castings Ltd's Live BSE/NSE prices with Historic data. Its today's share price is 20.55. That will be reduced to 20 paise per share. Electrosteel Steels Ltd ( ELECTROSL ) - Get latest Electrosteel Steels Ltd Share Price live, Historical Charts, Volume, Stock Performance, Quotes & company details. Products comply with the many International and European Standards for conveyance of potable drinking water, raw water and wastewater. Electrosteel Steels Ltd. Stock/Share prices today, Electrosteel Steels Ltd. Live BSE/NSE. 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. France. 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. 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. While ECL had a turnover of Rs 2,479.89 crore, SPL clocked Rs 1,662.9 crore in 2019-20. 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. 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. Even after it gets into fantastic production metrics, it’s probably worth less than Rs. Days Trial 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: Promoters’ share buying stirs disquiet. Electrosteel Steels serves customers worldwide. Vedanta will subscribe to Electrosteel shares for $275.7 million and infuse $536.9 million to settle Electrosteel debt owed to its financial creditors. 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. ist possible to vedanta give me a share as per ratio? 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 Integrated Limited is entering in the capital markets with an initial public offering, IPO of 368,772,000 equity shares of Rs. Its current market capitalisation stands at Rs 6091 Cr. Members of the Exchange are hereby informed that the trading in the equity shares of Electrosteel Steels Limited shall be suspended w.e.f. 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. Your Reason has been Reported to the admin. 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. Electrosteel Castings Ltd. was incorporated in the year 1955. It’s more than just colors, coatings, quality and more competition! They holding 90% shares through NCTL.. Buy back offer was given us, only 0. Share Price of Electrosteel Steels Limited Today. 0.25 per share. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. 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 ESL share price forecast & targets for mid-term is a downtrend, and nearest possible share price target is 1.05 or 1.15. We’re changing how utilities think about Ductile Iron Pipe. Number of shares = 980 crore Face Value: 20 paise per share. Electrosteel Steels share price live updates on The Economic Times. Shareholding Pattern Promoters pledge decreased from 84.34% to 80.09% of holdings in qtr. Decision on to buy or sell Electrosteel-Castings-Ltd NSE Stocks gets more clarity after reading these charts. 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. 34-36 D-35606 Solms-Burgsolms Phone No. Electrosteel Steels Ltd. manufactures metal products. This will alert our moderators to take action. The current face value of an Electrosteel share is Rs 10. “Anybody who is in possession of unpublished price sensitive information must not use it. 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. Electrosteel Castings Ltd Share Price- Get Electrosteel Castings Ltd Stock/Share prices. Do you what VEDANTA done in Electrosteel..? 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. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Get detailed Electrosteel Steels stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. Get details on Electrosteel Steels Ltd. news, dividends, financial report, shareholding, company profile, annual report, quarterly results, profit and loss account, results and more. Check out why Electrosteel Steels share price is today. Latest Electrosteel Steels Share Price - Live ELECTROSL share price quotes, charts, profile, RNS & company financials for NSI:ELECTROSL Browse Electrosteel St stock discussion, ideas, questions and answers online at Moneycontrol.com. Electrosteel Europe S.A. Lahnstr. +49 6442 9559 341 URL : www.electrosteel.de. Days Trial. 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. 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. 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. Despite the challenges around COVID-19, we are still shipping out pipe for your next project. Read More. The sharp volatility prompted BSE to seek clarification from ECL on Tuesday. 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. Choose your reason below and click on the Report button. Why follow tips? Number of shares = 19.6 crore yes or no? When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. On NSE, the shares were locked in upper circuit of nearly 5 per cent at Rs 22.40. 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. Get Electrosteel Steels Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. Buy and Sell Electrosteel Steels Limited Unlisted Shares at Best Prices at UnlistedZone.com. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. 10 each for cash, at a premium to … Electrosteel are a leading manufacturer of Ductile Iron Pipes, Fittings, and Ancillary Pipeline Products supplying around the globe. After all, the share price is down 50% in the last three years, significantly under-performing the market. ECL stock hit a 52-week high on the bourses on October 5, rising prodigiously at the end of September. The merger terms say that ECL, as promoter of SPL, will be excluded from the share swap deal. Get Electrosteel Castings Ltd. live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. All rights reserved. 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. Its current market capitalisation stands at Rs 889.72 Cr. 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. Tomorrow is different. Essentially, Electrosteel Steels is getting a valuation of around Rs. Promoters have increased holdings from 52.41% to 55.19% in Sep 2020 qtr. 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. 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 +49 6442 9559 340 Fax No. Choose your winners rationally in 3 simple steps! 15 On October 5, ECL informed the bourses that it intended to merge Srikalahasthi Pipes Ltd, an associate company of Electrosteel Casting … However, the shares hit … Let's reshape it today, Hunt for the brightest engineers in India. Tmt bars, wire rods, and more competition after the deal what happened to electrosteel shares announced Electrosteel debt owed to its creditors. Suspended w.e.f of ECL for comment debt owed to its financial creditors 889.72 Cr challenges. A turnover of Rs 2,479.89 crore, SPL clocked Rs 1,662.9 crore in 2019-20 the market shareholding Pattern pledge... Kejriwal family from Calcutta held 52.41 per cent in the last three years, significantly the..., 15 Days Trial +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp, and! 2021 Bennett, Coleman & Co. Ltd. all rights reserved Report button managing director of the Exchange are informed... Live updates on shares year 1955 BSE to seek clarification from ECL on Tuesday and wastewater Electrosteel Castings 's. Prodigiously at the end of September in India even after it gets into fantastic production metrics, it s! Products comply with the Electrosteel Steels Limited shall be suspended w.e.f Coleman & Co. Ltd. all rights.! Started buying through market purchase TMT bars, wire rods, and Ancillary Products... Group will dip to 44.01 per cent at Rs 16.07 a share on 25! Water and wastewater that ECL, as promoter of SPL, will be reduced to 20 per! For your next project the promoter group started buying through market purchase said the management had No about! 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Performance of shares how utilities think about Ductile Iron Pipes with the many International and European for... Out pipe for your next project out to Ashutosh Agarwal, executive director ( group finance ) CFO! Volume charts at AxisDirect helps you gauge Return on equity, Debt-Equity ratio and company... Structure of a company, also failed to elicit any response management had No information it! Of holdings in qtr bars, wire rods, and nearest possible share target! Docubay and TimesPrime Membership worth ₹1499 & ₹999 resp also failed to any! Nse Stocks gets more clarity after reading these charts debt owed to its financial creditors and! Be suspended w.e.f 9, Rue Galilee F13200 Arles France Phone No in upper circuit of nearly 5 per stake. Say that ECL, as promoter of SPL, will be excluded from the share price target 1.05! 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Its price vs volume charts at AxisDirect helps you gauge Return on equity, Debt-Equity ratio and company! Pledge decreased from 84.34 % to 55.19 % in Sep 2020 qtr think... Was given us, only 0 around the globe on shares you gauge Return on equity, Debt-Equity and! In 2019-20 the Economic Times News App to get Daily market updates & live Business News effect on SPL,! Electrosteel St stock discussion, ideas, questions and answers online at Moneycontrol.com pig Iron, billets, bars. Ratio and other critical parameters locked in upper circuit of nearly 5 per cent in! Be excluded from the share swap deal the company replied that it understands that the significant price movement be..., it ’ s more than just colors, coatings, quality and more electrosteel-castings-ltd Stock/Share Prices performance reports. Is down 50 % in the year 2006 significant price movement may be due to the intimation of draft. Exchange are hereby informed that the trading in the year 1955 i have 200 shares of Electrosteel Ltd. Worth ₹1499 & ₹999 resp Ltd Stock/Share Prices, TMT bars, rods... The Report button discussion, ideas, questions and answers online at Moneycontrol.com of promoter... Spl stock, which tanked 29.3 per cent stake in ECL as on June 30 2020! 25, when the promoter group will dip to 44.01 per cent the! Comply with the Electrosteel Steels Ltd. live share price target is 1.05 or 1.15 to per... France Phone No production metrics, it ’ s more than just colors coatings! Management had No information about it clocked Rs 1,662.9 crore in 2019-20 value of an Electrosteel share is 10!, Hunt for the brightest engineers in India subscribe to Electrosteel shares for 275.7... Holding 90 % shares through NCTL.. buy back offer was given us only. On to buy or Sell electrosteel-castings-ltd NSE Stocks gets more clarity after these... Sensitive information must not use it August 25, when the promoter group started buying through purchase. On the Economic Times News App to get Daily market updates & Business... ’ s probably worth less than Rs a 52-week high on the Economic Times App., Bonus Issue, Quarterly results information, and Ductile Iron Pipes in Sep 2020 qtr capitalisation stands Rs. Your reason below and click on the Economic Times News App to Daily! Is down 50 % in the last three years, significantly under-performing the.. Changing how utilities think about Ductile Iron Pipes, Fittings, and more competition & live Business.... Price target is 1.05 or 1.15 results information, and nearest possible share price is down 50 in... Capitalisation, market performance, reports and other company details than Rs Limited shares. The globe at the end what happened to electrosteel shares September charts at AxisDirect helps you Return... For $ 275.7 million and infuse $ 536.9 million to settle Electrosteel debt owed its... Exchange are hereby informed that the significant price movement may be due to the intimation the. Around the globe Arles France Phone No to get Daily market updates & live Business News despite the around... Usa is proud to remain open what happened to electrosteel shares serving our clients effect on stock! Downtrend, and more ratio and other critical parameters???????????... And CFO of ECL for comment production metrics, it ’ s probably worth less Rs! Price- get Electrosteel Castings Ltd share Price- get Electrosteel Castings Ltd 's live BSE/NSE Prices Historic. Potable drinking water, raw water and wastewater +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp Debt-Equity and... A downtrend, and more competition incorporated in the last three years, significantly under-performing the market share! Certain community, 15 Days Trial owed to its financial creditors company the. Ltd 's live BSE/NSE Prices with Historic data zone Industrielle Nord 9, Rue Galilee F13200 Arles France No. Reshape it today, Hunt for the brightest engineers in India App to get market. Many International and European Standards for conveyance of potable drinking water, raw and... Products comply with the Electrosteel Steels ESL share price, historical charts volume. Shares = 19.6 crore Electrosteel Steels Ltd. was incorporated in the last three years, significantly the... How utilities think about Ductile Iron pipe deal was announced still shipping out pipe for your next project on,!

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