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Essar Shipping Limited. ( (IN:ESSARSHPNG) ) has provided an update.
Essar Shipping Limited announced several key decisions following its 15th Annual General Meeting, including the appointment of new auditors and directors, and the disinvestment in two wholly-owned subsidiaries in the UAE and Mauritius. These strategic moves, particularly the disinvestment, are expected to help the company optimize its financial structure by utilizing the proceeds for redeeming existing financial obligations, potentially impacting its market positioning and stakeholder interests.
More about Essar Shipping Limited.
Essar Shipping Limited operates in the sectors of steel, energy, infrastructure, and services. The company is based in India and is involved in shipping and related services, focusing on providing comprehensive logistics solutions.
Average Trading Volume: 28,326
Technical Sentiment Signal: Hold
Current Market Cap: 5.53B INR
See more data about ESSARSHPNG stock on TipRanks’ Stock Analysis page.