ESSAR PORTS LTD. - Receipt of certificate of floor price from Essar Shipping and Logistics Limited in relation to the proposed voluntary delisting of the Company

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16 Oct 2014
With reference to the earlier letter dated October 11, 2014 communicating the approval of the Board of Directors of the Company for a voluntary delisting proposal from its promoter, Essar Shipping and Logistics Limited (ESLL) seeking to delist the equity shares of the Company (the "Delisting Proposal) in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 ("SEBI Delisting Regulations"), Essar Ports Ltd has now informed BSE that the Company has received a certificate computing the floor price for the Delisting Proposal which has been issued by MZSK and Associates, engaged by ESLL in this regard. Based on the certificate, ESLL has informed the Company that, in accordance with Regulation 15(2) of the SEBI Delisting Regulations, a floor price of Rs. 90.50 (Rupees Ninety and Fifty Paisa) has been set for the Delisting Proposal.
View all announcements for ESSAR PORTS LTD.	Source: BSE India

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