SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Edelweiss ARC buys 10% stake in Electrotherm India: Report

04 Sep 2015 Evaluate

Edelweiss Asset Reconstruction Company (Edelweiss ARC) has reportedly bought 10% stake in engineering and metals firm Electrotherm India, which defaulted on Rs 3,200-crore loans. Edelweiss’ move to acquire said stake by converting part of debt into equity is part of a large debt restructuring programme which envisages Rs 200-crore funds infusion by promoter Mukesh Bhandari.

Over the last one year, Edelweiss ARC had acquired nearly 50% of Electrotherm’s debt from banks, which enabled it to convert debt into equity.

Electrotherm India is engaged in manufacturing of steel, electric vehicle and providing engineering services. The company also operates research and development division which focuses on enhancing its function, develop and upgrade its equipments.

Electrotherm India Share Price

744.95 20.95 (2.89%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×