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The board of Electrosteel Steels will meet on Monday to mull delisting. The Vedanta-owned company was re-listed after the insolvency procedure. Vedanta Star has expressed its intention to acquire up to 19.62 crore shares (or 10 per cent of the paid-up capital of Electrosteel) at ₹9.54/share and has requested it to convene a board meeting to approve the delisting. Shares of Electrosteel are quoting with a huge difference on the BSE and the NSE after relisting.
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