 "Essar Shipping soars 20% on heavy volumes")
Essar Shipping was locked in upper circuit of 20% at Rs 32.85, also its 52-week high on the BSE, on back of heavy volumes.
Till 03:14 p.m. a combined 4.27 million shares representing 8.33% of free-float equity of Essar Shipping changed hands and there were pending buy order for 326,100 shares on the BSE and NSE.
As of September 30, the promoters held 75% stake Essar Shipping, the shareholding pattern data shows.
The foreign institutional investors held 9.71% holding in Essar Group, followed by individual shareholder (7.45%) and bodies corporate (7.42%).
Essar Group had recently completed the delisting of Essar Oil. The delisting of Essar Oil, which is the largest on Indian bourses, paid out Rs 3,745 crore to general shareholders. CLICK HERE TO READ FULL REPORT.
As of September 30, the promoters held 75% stake Essar Shipping, the shareholding pattern data shows.
The foreign institutional investors held 9.71% holding in Essar Group, followed by individual shareholder (7.45%) and bodies corporate (7.42%).
Essar Group had recently completed the delisting of Essar Oil. The delisting of Essar Oil, which is the largest on Indian bourses, paid out Rs 3,745 crore to general shareholders. CLICK HERE TO READ FULL REPORT.