Choose your winners rationally in 3 simple steps! When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. 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-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. Decision on to buy or sell Electrosteel-Castings-Ltd NSE Stocks gets more clarity after reading these charts. 0.25 per share. While ECL had a turnover of Rs 2,479.89 crore, SPL clocked Rs 1,662.9 crore in 2019-20. After all, the share price is down 50% in the last three years, significantly under-performing the market. 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. On NSE, the shares were locked in upper circuit of nearly 5 per cent at Rs 22.40. Even after it gets into fantastic production metrics, it’s probably worth less than Rs. However, the shares hit … 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 details on Electrosteel Steels Ltd. news, dividends, financial report, shareholding, company profile, annual report, quarterly results, profit and loss account, results and more. The stock had closed at Rs 16.07 a share on August 25, when the promoter group started buying through market purchase. Tomorrow is different. Its today's share price is 31.05. 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. 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 serves customers worldwide. 15 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. The merger terms say that ECL, as promoter of SPL, will be excluded from the share swap deal. ist possible to vedanta give me a share as per ratio? Text messages sent to Umang Kejriwal, managing director of the company, also failed to elicit any response. Electrosteel Steels Ltd. manufactures metal products. 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 are a leading manufacturer of Ductile Iron Pipes, Fittings, and Ancillary Pipeline Products supplying around the globe. Electrosteel Europe S.A. Electrosteel USA is proud to remain open and serving our clients. This will alert our moderators to take action. Stay updated with the Electrosteel Steels Ltd Announcements, News & expert updates on shares. Electrosteel Castings Ltd Share Price- Get Electrosteel Castings Ltd Stock/Share prices. Why follow tips? Inciting hatred against a certain community, 15 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. + 33 4 90 96 81 31 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. 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. was incorporated in the year 1955. 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. yes or no? Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Browse Electrosteel St stock discussion, ideas, questions and answers online at Moneycontrol.com. 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