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Essar spins off shipping business from ports

Essar Shipping, Ports and Logistics is undergoing major restructuring where it will be split into two - Essar Ports Ltd, and the new entity, Essar Shipping Ltd. Shareholders will get 1 share of Essar Shipping and 2 of Essar Ports for every 3 shares of the old company.

first published: May 10, 2011 12:02 pm

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