SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Vedanta moves up on getting NCLT’s nod to acquire Electrosteel

18 Apr 2018 Evaluate

Vedanta is currently trading at Rs. 291.60, up by 1.95 points or 0.67% from its previous closing of Rs. 289.65 on the BSE.

The scrip opened at Rs. 294.00 and has touched a high and low of Rs. 294.20 and Rs. 290.30 respectively. So far 209165 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 355.70 on 29-Jan-2018 and a 52 week low of Rs. 217.95 on 05-May-2017.

Last one week high and low of the scrip stood at Rs. 295.85 and Rs. 286.80 respectively. The current market cap of the company is Rs. 108542.07 crore.

The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 31.10% and 14.91% respectively.

Vedanta has received National Company Law Tribunal’s (NCLT’s) approval to acquire Electrosteel Steels (Electrosteel). NCLT, Kolkata Bench, has approved the terms of the Resolution Plan submitted by the company, pursuant to a Corporate Insolvency Resolution process implemented by way of the Insolvency and Bankruptcy Code 2016, and the terms of the Resolution Plan are now binding.

Pursuant to the Resolution Plan, a wholly-owned subsidiary of the company, will subscribe for the share capital of Electrosteel for an aggregate amount of Rs 1,805 crore ($275.7 million) and provide additional funds aggregating of Rs 3,515 crore ($536.9 million) by way of debt. Upon implementation of the Resolution Plan, the company will hold approximately 90% of the paid up share capital of Electrosteel. The remaining 10% of Electrosteel’s share capital will be held by Electrosteel’s existing shareholders and the financial creditors who receive shares in exchange for the debt owed to them. The funds received by Electrosteel as debt and equity will be used to fully settle the debts owed to the existing financial creditors of Electrosteel, by payment of Rs 5,320 crore ($812.6 million).

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Vedanta Share Price

770.65 -16.95 (-2.15%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1015.10
Vedanta 770.65
Hindustan Zinc 589.95
Jain Resource Recycl 418.95
Gravita India 1649.35
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:

×