Sainath Trading Company has bought 23.33 lakh shares of Essar Ports through open market route. The shares were purchased on an average price of Rs 120.99 valuing the transaction to Rs 28.23 crore.
Essar Ports is one of the largest port companies of India, with a current capacity of 104 MMTPA. The capacity is being expanded to 181 MMTPA over the next few years. Essar Ports has three operational terminals at Hazira, Vadinar and Paradip.