Essar Steel delisting gets SAT nod

Securities Appellate Tribunal (SAT) today dismissed the stay against the delisting of Essar Steel after the complaint against the move was withdrawn.

According to Essar officials, the stock is expected to be suspended from trading effective December 14 and delisted on December 21. The final dates, however, will be announced by the exchanges.

The stock closed with a loss of 10% at Rs 57.