Electrosteel Castings Limited Announces Promoter Group Acquisition of Shares
Electrosteel Castings Limited disclosed on March 23, 2026, that Electrosteel Thermal Coal Limited, a part of its Promoter Group, acquired 6,00,000 equity shares of Electrosteel Castings Limited on March 20, 2026. The acquisition was made through the National Stock Exchange of India Limited for an aggregate cost of Rs 4,53,85,107.64.According to a regulatory filing, Electrosteel Thermal Coal Limited held 20,500,000 equity shares, representing 3.32% of the company, prior to the acquisition. Following the purchase, the Promoter Group's holding increased to 21,100,000 equity shares, representing 3.41%.
The details of the transaction are summarized in the table below:
| Name of Company | CIN of the company | Category of Person | Type of securities | No. and % of shareholding (Prior) | No. and % of shareholding (Post) | Date of Securities held post acquisition | Mode of acquisition | Exchange on which the trade was executed |
|---|---|---|---|---|---|---|---|---|
| Electrosteel Castings Limited | INE086AOI029 | Promoter Group | Equity Shares | 20,500,000 (3.32%) | 21,100,000 (3.41%) | 20.03.2026 | Market Purchase | NSE |
The value of the transaction excludes taxes, brokerage, and other charges.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.