Vedanta Star Limited made an offer to acquire 10% stake in Electrosteel Steels Limited (NSEI:ESL) for INR 1.8 billion on September 18, 2018. Vedanta Star Limited will acquire 196.17 million equity shares of Electrosteel Steels Limited at offer price of INR 9.54 per equity share. Meeting of Board of Directors will be held on September 24, 2.018. As of September 24, 2018, Board of Directors' of Electrosteel Steels Limited has approved the transaction. As of December 6, 2018, the trading in the equity shares of Electrosteel Steels Limited will be suspended with effect from December 13, 2018 and the shares will be delisted from December 20, 2018.