The board of Electrosteel Steels will meet on Monday to mull delisting. SYSTEM CERTIFICATE. Business Standard News: Announcements : Electrosteel Steels Announcements, Electrosteel Steels updates and more at Business Standard news. The company has allotted nearly 740 crore equity shares to 26 lenders, out of which the country's largest lender State Bank of India got 271,61,79,203 equity shares. Electrosteel Steels Limited is an India-based company, which is engaged in basic iron and steel business. New Delhi: Electrosteel Steels Ltd on Tuesday spelled out steps to be taken for completion of its takeover by Vedanta Star Ltd and subsequent delisting from stock exchanges. Electrosteel Steel 225.5 mln shr IPO subscribed 8.14 times on close Certifications . The board of Electrosteel Steels will meet on Monday to mull delisting. DI Pipes and Fittings. Our digital streaming service includes comprehensive live programming on a daily basis, from global and domestic markets, coverage to views from the most influential newsmakers in business and finance. 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. Electrosteel Steels serves customers worldwide. Electrosteel Steels News and Announcements/notices, Live Electrosteel Steels corporate announcement on Deals, Bonus, Rights, Stock Splits, Dividends, Board Meetings, Quarterly Results on Moneycontrol. 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. what will happen for the share holders at present? Electrosteel Steels Ltd. manufactures metal products. Tomorrow is different. BACKGROUND OF THE EXIT OFFER State Bank of India a financial creditor of Electrosteel Steels Limited filed a company petition CA(IB) No. Its today's share price is 31.05. Its current market capitalisation stands at Rs 6091 Cr. ELECTROSL, BSE:533264- Keep track of all breaking news on Electrosteel Steels Ltd. from all sources at a single place. ELECTROSTEEL STEELS LTD : News, information and stories for ELECTROSTEEL STEELS LTD | NSE India Stock Exchange: ELECTROSL | NSE India Stock Exchange The board of Electrosteel Steels Monday approved the proposal to delist the company, according to a regulatory filing. The resolution process of Bhushan Power & Steel Limited, Electrosteel Steels, Essar Steel and Monnet Steel is likely to complete only in the first quarter FY19, according to a report. Get Electrosteel Steels Ltd. detailed news, announcements, financial report, company information, annual report, balance sheet, profit & loss account, results and more. 26/02/2020 02:07:04 PM Share: ET Auto @ETAuto. New Delhi, Oct 30 (PTI) Electrosteel Steels Tuesday said its … DI Pipes Fittings & Special Other Products. Electrosteel Steels debt: Read Electrosteel Steels debt Latest News also find Videos, Photos and information about Electrosteel Steels debt from ZeeBiz.COM. Why follow tips? Get the latest Electrosteel steels news, videos and headlines. Your Reason has been Reported to the admin. 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. 13/03/2020 04:25:58 PM Share: Read more about Electrosteel Steels board approves delisting of company on Business Standard. The Vedanta-owned company was re-listed after the insolvency procedure. Electrosteel are a leading manufacturer of Ductile Iron Pipes, Fittings, and Ancillary Pipeline Products supplying around the globe. JSW Steel Chairman Sajjan Jindal today said trading in shares of the listed companies referred to the National Company Law Tribunal (NCLT) should be suspended to avoid market speculations. On December 22, 2016 Starbridge Finance Limited sold 1,20,50,000 shares of Electrosteel Steels. This will alert our moderators to take action. Find all news including political news, current affairs and news headlines online on Electrosteel Steels today. Vedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel Steels Ltd. Dec 06, 2018 16:05 Source: NSE ELECTROSTEEL STEELS LIMITED. The statement follows NCLT last month approving the resolution plan submitted by Vedanta Ltd for Electrosteel Steels. Check out why Electrosteel Steels Ltd. share price is today. 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. Former legislator says 11 of the 19 MLAs could leave party soon, Tax benefits for an HUF and How to create capital for HUF, Webinar Presented by Knowlarity & Freshworks. NCLAT declines to stay delisting of ElectroSteel Steels by Vedanta. DI Pipes and Fittings. That’s the bad news. The Tata Steel board has approved the next phase of capacity expansion in Kalinganagar to 8 million tonnes per annum from 3 million tonnes at present. The consortium of 27 banks has deferred plans to recast Rs 7,000-crore loan extended to the troubled Electrosteel Steels due to differences over terms of the proposal, including fresh capital infusion and corporate guarantee that promoters are supposed to bring to the table. Starbridge Finance Limited sold 12,050,000 shares of Electrosteel Steels at Rs 4 per share on the NSE. 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. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. 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. Electrosteel Steels' Q3 net loss increased to Rs 413 crore from loss of Rs 232 crore. Bankers defer Rs 7,000-cr CDR plan of Electrosteel. The board of Electrosteel Steels Monday approved the proposal to delist the company, according to a regulatory filing.The delisting proposal was taken on record and approved, in the meeting of the board of directors held today, the company said in On May 30, NCLAT allowed Vedanta to make a Rs 5,320 crore upfront payment to lenders for acquiring Electrosteel Steels with a caveat that the payment would be subject to the outcome of the petition filed by Renaissance Steel challenging Vedanta’s bid. The board of Electrosteel Steels Monday approved the proposal to delist the company, according to a regulatory filing. DI Pipes Fittings & Special Other Products. The board of Electrosteel Steels Monday approved the proposal to delist the company, according to a regulatory filing.. On May 17, the NCLAT admitted the petition of Renaissance Steel challenging Vedanta’s bid for debt-ridden Electrosteel. National Company Law Tribunal (NCLT) had approved Vedanta’s resolution plan for Electrosteel Steels in April. 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 are a leading manufacturer of Ductile Iron Pipes, Fittings, and Ancillary Pipeline Products supplying around the globe. ETAuto | Weighing Options in Karnataka: Electrosteel CEO . The Company offers pig iron, billets, TMT bars, wire rods, and ductile iron pipes. Electrosteel Steels Ltd.'s top competitors are Mahamaya Steel Industries, Anil Special Steel and Bhushan Steel Ltd.. See Electrosteel Steels Ltd.'s revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. Electrosteel Steels spells out steps for completion of acquisition by Vedanta, delisting from bourses In March, Vedanta was declared as successful resolution applicant by the committee of creditors (CoC) for Electrosteel Steels Ltd under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code, 2016. Let's reshape it today, Hunt for the brightest engineers in India. June 28, 2018 1:55 am. Vedanta Star has … Top Losers SHREECEM -2.39%. Internationally certified superior quality DI Pipes and Fittings. Explore more on Electrosteel. Copyright © e-Eighteen.com Ltd. All rights reserved. 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