Foreign fund house CLSA Mauritius has offloaded 33.54 lakh shares, amounting to 0.78% stake of Essar Ports for an average price of Rs 83.84 apiece valuing the deal at Rs 28.12 crore. The shares were sold through open market transactions on the stock exchanges.
As of December quarter, CLSA Mauritius held 52.54 lakh shares or 1.23% holding in Essar Ports.
Essar Ports is one of the largest port companies of India, with a current capacity of 88 MMTPA. The capacity is being expanded to 158 MMTPA over the next few years.
