Essar Shipping’s promoter is planning to sell up to 1.78 crore shares through offer for sale (OFS) route on May 30. The stake sale will enable the company to meet minimum 10% public holding norm stipulated by market regulator Securities and Exchange Board of India (SEBI).
As on March 31, 2013, the promoters holding in the company stood at 83.71% while Institutions and Non-Institutions held 8.20% and 8.09% stake in the company, respectively.
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.
| Company Name | CMP |
|---|---|
| Shipping Corpn. | 338.75 |
| GE Shipping | 1586.75 |
| Dredging Corp | 952.90 |
| Seamec | 1502.55 |
| Shreeji Ship.Global | 415.85 |
| View more.. | |
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