Vedanta pays Rs5,320 crore for Electrosteel acquisition

Billionaire Anil Agarwal’s Vedanta Ltd has taken over on Monday control of bankrupt company Electrosteel Steels Ltd, the former said in a regulatory filing. In its note to stock exchanges, Vedanta Ltd said that its fully-owned subsidiary Vedanta Star Ltd has deposited an upfront amount of Rs5,320 crore in an escrow account for the Electrosteel acquisition.

Read more at Vedanta pays Rs5,320 crore for Electrosteel acquisition.

 

 

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