The delisting offer from the promoters of Essar Ports opens on Friday. The company has fixed the floor price at ₹93.66 for acquiring 10.72 crore shares (or 25.06 per cent) from public shareholders. The promoter group collectively holds 74.94 per cent of the total share capital of Essar Ports. The delisting offer closes on November 5. The company said the delisting is being done to achieve complete operational/ financial flexibility in furtherance of its goals.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.