Announced Sat, 19 Sept, 2026 · 13:04 IST
Arabian Water Tech LLC becomes subsidiary of Electrosteel Castings
ELECTCAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹73.10
prior close
₹73.37
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3+0.0+0.7+0.3-0.3+1.5-0.8-1.0-1.0+1.5————
Up moveDown movePending
AI summary
Electrosteel Castings has acquired a 70 percent stake in Oman-based Arabian Water Tech LLC for OMR 21,000, comprising 14,000 equity shares of OMR 1 each. The Board had approved the purchase in November 2025 from Arabian DIFC SPC1 and SPC2. Share certificate received, making Arabian Water Tech a subsidiary of Electrosteel.
Likely market impact
Adds Oman-based water tech subsidiary, expanding international footprint. Deal size is modest at OMR 21,000.