What to Watch. Electrosteel Steels: Board meet on delisting

Updated - September 21, 2018 at 09:47 PM.

 

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.

Published on September 21, 2018 16:16