India: Essar Ports fixes $1.4 per share as floor price for delisting

Essar Ports said the proposed delisting is to achieve complete operational and financial flexibility in furtherance of the company’s businesses and financial needs and to enable the promoter group to pursue strategic opportunities in respect of its investments. Visual from Essar website.

Promoters of Essar Ports Ltd have fixed Rs.93.66 as the floor price per share for acquiring 10.72 crore equity shares from public shareholders.

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