Shares of Essar Ports extended gains and was up nearly 4% at Rs 89 after the company said that the lenders have released the shares pledged and the same have been re-pledged with the trustees.
The lenders have released 42,083,396 shares constituting 9.83% of the paid up equity capital of the company, Essar Ports disclosed in release to the Bombay Stock Exchange on Monday.
The disclosure provided here in above is due to pledge shares of Essar Ports Ltd, the release said.
The company has a paid-up equity capital of 427,887,998 equity shares of face value Rs 10 each. The counter has seen heft volumes of trades, with 9,095 shares having changed hands so far, as against a two week average of 5,741 shares on the BSE.
