# Vedanta Limited acquires Electrosteel Steels Limited

Vedanta Limited, through its subsidiary Vedanta Star Limited, acquired control of Electrosteel Steels Limited (ESL) after depositing INR 5,320 crore (approx. USD 800 million) in an escrow account. The acquisition includes an equity investment of INR 1,765 crore and an inter-corporate loan of INR 3,555 crore.

- Type: Acquisition
- Announced: 2018-06-04
- Where: India
- Value: $800.0M (53.2B INR)
- Status: completed
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Vedanta](https://endata.com/companies/10003.md) (acquirer)
- [Electrosteel Steels Ltd](https://endata.com/companies/31044.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/in/news-releases/vedanta-limited-acquisition-of-electrosteel-steels-limited-684477551.html), 2018-06-04: "The Company has acquired control over ESL and a new board of directors has been put in place."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.