Vedanta up 2%, Electrosteel Steels down 5%

Vedanta went up 2% but Electrosteel Steels dropped 5% on Wednesday after the NCLT’s Kolkata bench approved an Rs 5,320-crore resolution plan for the latter. This paves the way for the acquisition of Electrosteel Steels by the local unit of London-listed Vedanta Resources. The process is likely to kick off shortly.

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