Electrosteel Castings, an Indian water infrastructure company, witnessed a sharp rallly in the share price on Tuesday after the media reports on the hopes the company will get new owner.
Currently, a 27-member bankers' consortium has management control of Electrosteel Steels. As per media reports, consortium is close to finalise a new owner for the company. Four players currently in the fray.
As per media reports, consortium is close to finalise Electrosteel Steels sale.
Shares of the company gained Rs 2.2, or 12.22%, to settle at Rs 20.20. The total volume of shares traded was 784,737 at the BSE (Tuesday).