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Essar Ports may raise funds to trim debt

Rajiv Agarwal, CEO & MD of Essar Ports, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, said that they might raise some capital as they need to go down from 83% promoter holding to 75%. He said, "We will review the market conditions and go ahead with the fund raising. We have time till June, 2013 to raise the capital."

July 05, 2011 / 12:10 IST
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Rajiv Agarwal, CEO & MD of Essar Ports, in an interview with CNBC-TV18

TAGS: #Business #Canada #CEO #Essar Ports #Essar Steel #MD #Ontario #Rajiv Agarwal
first published: Jul 5, 2011 10:51 am

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