Essar Steel Limited Unlisted Shares
(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 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 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 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.
Essar Steel Limited Unlisted Shares Details:
|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%|
Financials of Essar Steel Limited Unlisted Shares:
|Particulars(in Crs)||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|