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Shares of Electrosteel Steels (ESL) will remain in focus as SCIIL Steel Cast Iron Investments (Cyprus) Ltd sold 1.50 crore shares on the BSE at ₹2.82 a share. ESL on February 12 said that SCIIL Steel had sold 5.486 crore shares between June 14, 2017 and February 12, 2018 and its holding got reduced to 14.36 per cent after the selling. It remains to be seen whether the selling from SCIIL Steel would continue, as it is still holding substantial stake in ESL.
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