(i) Essar Steel is an integrated steel producer with an annual capacity of 10 million tonnes with a strong presence in intensive steel consuming markets of Asia and North America. It has operations in India and Indonesia.
(ii) Essar Steel’s manufacturing facility comprises Ore beneficiation, Pellet Making, Ironmaking, Steelmaking, and downstream facilities including cold rolling mill, galvanizing, pre-coated facility, steel processing facility, extra wide plate mill, and a pipe mill. The steel plant located at Hazira has modern infrastructure like a power plant and a port that can handle 30 million tonnes of cargo annually.
(iii) With a focus on value-added products, it produces over 300 grades of steel conforming to quality standards of international certification agencies like API, ABS, NACE, Lloyd’s Register to name a few.
(iv) Essar Steel has set up a 1.5 MTPA plate mill and a 0.6 MTPA pipe mill at Hazira to add further value to its product portfolio. With one of India’s largest steel processing and distribution network with a capacity of 4 MTPA located at several industrial hubs, Essar Steel manufactures customized products catering to a variety of industry segments.
Acquisition completed by Arcelor Mittal and Nippon Steel- 16.12.2019
a) Today is the historic day for IBC as the Essar Steel case was resolved after two years of a long battle. This is important as the debt involved was ~Rs.42000 Crores and with this money coming back into the system, the balance sheet of the banks will improve. Especially for SBI which has lent ~Rs.15000 Crores to Essar Steel.
b) After the acquisition, Arcelor Mittal will hold 60% shares and Nippon Steel will hold 40% shares.
c) The company will also invest Rs.8000 Crores more into Essar Steel for the operational working of the company.
d) This early acquisition is good news for the shareholders of the company as they will get professional management and value for their investment in the coming time.
|Total Available Shares:||5000|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||1000 Shares|
|Current Unlisted Share Price:||₹ 5-5.25 Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
|Sr.No||Promoters||No. of Shares||% of Shareholding|
|1||Essar Steel Asia Holdings Ltd||2,240,939,040||72.08|
|2||Essar Steel Limited – Mauritius||26,26,838||0.080%|
|3||Aegis Tech Limited||5872,43,674||18.900%|
|4||In-Trust Beneficiary – ESTL||1915,17,500||6.160%|
|Particulars (in Crores)||FY 17-18||FY 16-17||FY 15-16|
|Sr. No.||Name of the Bank||Rupees in Crore|
|3||Punjab National Bank||2,936.24|
|4||State Bank of India||13,220.91|
|5||Standard Chartered Bank||3,557.43|
Please find below the procedure for buying Essar Steel Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Essar Steel Limited Unlisted Shares at UnlistedZone.
Lock-in period of Essar Steel Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Essar Steel Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Essar Steel Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable
If you buy Essar Steel Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
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The Essar Steel Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
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If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
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We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Essar Steel Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Essar Steel Limited Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
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