Essar Ports allowed to convert GDRs to meet minimum public shareholding

The Securities and Exchange Board of India (SEBI) has permitted the conversion of Global Depository Securities (GDSs) issued by Essar Ports Ltd into equity shares for the purpose of meeting the minimum public shareholding requirement.

Shares of Essar Ports Ltd was last trading in BSE at Rs.87.75, down by Rs.0.80 or 0.90%. The stock hit an intraday high of Rs.89.90 and low of Rs.87.75.

The total traded quantity was 3173 compared to 2 week average of 17461.

Source : Equity Bulls

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