Table of Contents
Who is owner of Electrosteel?
Umang Kejriwal
You can view name of Chairman, CEO, CFO, Management Team, Board of Directors and Key Executives of Electrosteel Castings Ltd….PREMARKET.
| Management | |
|---|---|
| Sunil Katial | WholeTime Director & CEO |
| Uddhav Kejriwal | Whole Time Director |
| Umang Kejriwal | Managing Director |
| Vyas Mitre Ralli | Director |
What happened steel Electrosteel?
(iv) And finally, the company was acquired by Vendanta in 2018 and delisted the company from exchanges. The delisting price offered was Rs. (v) When the Electrosteel was delisted, the EV was around 5300 Cr.
What does electrosteel mean?
: steel refined in an electric furnace. — called also electrosteel.
Who is Umang Kejriwal?
Umang Kejriwal, aged about 67 years, is a commerce graduate from Calcutta University. Kejriwal joined the Company in 1975 as the Executive Director of the Company. He became the Deputy Managing Director of the Company in 1979 and took over as the Managing Director in 1980.
In an e-mail statement to investors, Essar Steel India Company Secretary Pankaj S. Consequently, the entire existing issued, subscribed and paid-up share capital of the company stood cancelled and extinguished with effect from December 16, 2019, the company secretary said.
What is the new name of Essar Oil?
Essar Oil has since been renamed as Nayara Energy.
What is Vedanta star’s resolution plan for Electrosteel?
Vedanta Star’s resolution plan for Electrosteel involves an equity and debt infusion amounting to Rs 5,320 crore.
Should you invest in Electrosteel Steels shares?
There’s good news and bad news for shareholders of Electrosteel Steels Ltd.Though Electrosteel’s current market price is Rs 1.10 per share, it’s well accepted that equity shares of an insolvent company are usually worth nothing. That’s the bad news.
The current face value of an Electrosteel share is Rs 10. That will be reduced to 20 paise per share. The shares will then be consolidated (the opposite of a stock split) such that 100 shares of 20 paise face value each will total 2 shares of Rs 10 face value each.
What is Vedanta star’s stake in ESL?
According to the resolution plan, Vedanta Star Limited (VSL), a wholly owned subsidiary of Vedanta, will take 90 per cent stake in ESL. Investment from VSL in ESL will come as a combination of Rs 1,765 crore as equity and Rs 3,555 crore as inter corporate loans..