Vedanta Star has expressed its intention to acquire up to 19,61,67,342 equity shares of Electrosteel Steels representing around 10% of the paid up share capital of the company held by the shareholders of the company.
Electrosteel Steels is engaged in basic iron and steel business. The company is engaged in selling thermo mechanically treated (TMT) bars, billets, ductile iron (DI) pipes, pig iron and wire rod.