Foreign fund house CLSA Mauritius has offloaded its entire stake of 1.28% or 26.27 lakh shares of Essar Shipping to Leman Diversified Fund. The shares were sold on an average price of Rs 21.25 aggregating to a deal size of Rs 5.58 crore.
Essar Shipping has an enviable track record of accident free/pollution free transportation. The company, through its operating track record of over 30 years has significant expertise in sea transportation and supply chain management services to steel industry, cement industry, refining industry, fertilizer industry and electricity generating companies.
