SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Steelman Telecom completes acquisition of additional stake in EC Wheels India

03 Mar 2023 Evaluate

Steelman Telecom has completed the acquisition of additional 50,00,000 equity shares of EC Wheels India by way of Preferential allotment on private placement basis. Consequent to the said acquisition, the company's shareholding in EC Wheels India is increased from 52.38% to 99.80% and EC Wheels India becomes the Wholly Owned Subsidiary of the company with effect from March 2, 2023. 

The objective of acquisition is to Invest in the subsidiary Company for business development. EC Wheels intends to utilize the funds for part payment towards purchase of Electric Passenger Cars and towards installation and infrastructure of charging station.

Steelman Telecom offers support services and solutions to address the Network requirements of the Telecom industry. It provides services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance.

Steelman Telecom Share Price

70.95 -1.00 (-1.39%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1870.00
Vodafone Idea 9.25
Indus Towers 437.85
Tata Communications 1508.25
Bharti Hexacom Ltd. 1523.95
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:

×