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Vedanta Star intents to acquire stake in Electrosteel Steels

19 Sep 2018 Evaluate

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.


Peers
Company Name CMP
JSW Steel 1221.65
Tata Steel 172.30
Steel Authority 169.30
Jindal Stainless 733.35
APL Apollo Tubes 2067.80
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