Essar to divest stake in 2 subsi for $215 mn
Essar Shipping Ltd will divest its entire holding in Vadinar Oil Terminal Ltd (VOTL) and Essar Logistics Ltd (ELL) to Essar Shipping and Logistics Ltd for $215 million.
By PTI |
MUMBAI: Essar Shipping Ltd will divest its entire holding in Vadinar Oil Terminal Ltd (VOTL) and Essar Logistics Ltd (ELL) to Essar Shipping and Logistics Ltd for $215 million.
The board approved the sale of the company's 100 per cent equity holding in subsidiaries VOTL and ELL to Essar Shipping and Logistics, subject to certain approvals, Essar Shipping informed the Bombay Stock Exchange.
The shares of Essar Shipping, a leading integrated sea logistics company, were trading at Rs 26.70, up 2.89 per cent at the BSE.
The board approved the sale of the company's 100 per cent equity holding in subsidiaries VOTL and ELL to Essar Shipping and Logistics, subject to certain approvals, Essar Shipping informed the Bombay Stock Exchange.
The shares of Essar Shipping, a leading integrated sea logistics company, were trading at Rs 26.70, up 2.89 per cent at the BSE.
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