Acquisitions20 Sept 2025, 04:00 am
Essar Shipping Mauritius Holdings to Acquire 10.34% Stake in Essar Shipping Limited from IDH International Drilling Holdco Limited
AI Summary
Essar Shipping Mauritius Holdings Limited, a part of the Promoters Group of Essar Shipping Limited, intends to acquire 10.34% Equity Shares of Essar Shipping Limited from IDH International Drilling Holdco Limited, also a part of the Promoters Group, by way of inter-se transfer. The proposed acquisition is in accordance with Regulation 10(1)(a)Gii) of the SEBI Takeover Regulations, 2011. The transaction will involve the transfer of 2,14,06,365 Equity Shares at a price of Rs. 25.91 per share.
Key Highlights
- Essar Shipping Mauritius Holdings Limited to acquire 10.34% stake in Essar Shipping Limited
- The acquisition will be from IDH International Drilling Holdco Limited
- The transaction will be an inter-se transfer of equity shares
- The proposed acquisition is in accordance with Regulation 10(1)(a)Gii) of the SEBI Takeover Regulations, 2011
- The acquisition price is Rs. 25.91 per share