August 12, 2010 05:00 pm | Updated 05:00 pm IST - Mumbai
The Ruias-promoted Essar Shipping and Logistics has demerged its shipping, logistics and oil fields business into a separate entity, a top official said.
The newly created entity will be called Essar Shipping Limited while the existing entity will also undergo a change in nomenclature and will be called Essar Port Limited, Group Chief Executive, Prashant Ruia, said here.
The new company — Essar Shipping — will be listed on the bourses soon, he added.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
