BackEssar shares slump after delisting report denied
Essar Oil fell 2.91%, Essar Ports fell 9.15%, though Essar Shipping added 1.11% despite the denial
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Mumbai: Shares in Essar Oil Ltd and Essar Ports Ltd slumped after the companies said they have not received any proposal from promoters for delisting of domestic shares, according to exchange filings.
Essar Oil fell 2.91% to ₹ 86.90, Essar Ports fell 9.15% to ₹ 80.40, though Essar Shipping Ltd added 1.11% to ₹ 22.85 despite the denial.
Bloomberg on Wednesday reported the conglomerate was considering delisting all of its publicly listed companies from domestic exchanges, citing unnamed people with knowledge of the matter.
Shares of all three of the listed Essar units gained 14-15% each in the previous session. Reuters
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