Belgrave sold 1,01,48,695 shares of Electrosteel Castings for ₹73.41 Cr at ₹72.33 apiece in a bulk deal.
A manufacturer of ductile iron pipes, ductile iron fittings, and cast iron pipes for water and sewage infrastructure applications across India. The company also produces and supplies pig iron as a core offering. Electrosteel Castings operates as a vertically integrated producer in the iron and steel products sector, serving municipal and industrial customers with foundry-cast products and raw material solutions.
A Mauritius-based foreign portfolio investor, Belgrave Investment Fund, that invests in Indian listed equities and is an active anchor investor in Indian IPOs, including in the SME segment.
