Essar Shipping Mauritius to boost stake in Essar Shipping Limited

Essar Shipping Mauritius Holdings Limited, a promoter group entity, will acquire 10.34% of Essar Shipping Limited's equity shares from IDH International Drilling Holdco Limited, another promoter group member. The transaction, involving 21,406,365 equity shares, is an 'inter-se' transfer among qualifying persons under Regulation 10(1)(a)(iii) of the Takeover Regulations, 2011. The acquisition price is set at INR 35.25 per share.

The proposed acquisition is expected to occur anytime after four working days from the intimation date of December 9, 2025. Post-acquisition, Essar Shipping Mauritius Holdings Limited's stake in Essar Shipping Limited will increase from 60.09% to 70.43%.

The acquirer confirmed that the acquisition price would not exceed 25% of the computed price and that all conditions and disclosure requirements under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011, will be met.