Shashi Ruia steps down from board of Essar Ports

Scrip down 0.6% on BSE from previous close

Essar Group promoter Shashi Ruia has stepped down from the Board of Essar Ports.

"Shashi Ruia has stepped down from the Board of the Company with immediate effect," Essar Ports said in a filing to the BSE.

"While accepting the resignation, the Board placed on record its appreciation for the invaluable contribution made by Shashi Ruia in the growth of the company," the filing said.

Shares of Essar Ports were trading at Rs 89.55, down 0.57% on the BSE.