Essar Steel repays Rs.60 crores to UTI Bank

Essar Steel Ltd has announced that the Company has fully repaid Series A and B Non Convertible Debentures aggregating to Rs 60 crores out of the total Rs 300 crore Non Convertible Debenture allotted to UTI Bank Ltd.

Shares of the company closed the day at Rs.36.95, up by Re.0.95 or 2.64%. The total traded quantity was 310515 shares on weighted average price of Rs.37.24 compared to 2 week average total traded quantity of 223533 shares.

The promoters Ruias are planning to delist the company by acquiring 100% stake from investors.

Source : Equity Bulls

Keywords