Essar Shipping Limited has informed the Exchange about Sale/Transfer of entire stake in M/s. DrillXplore Services Private Limited.
ESSARSHPNG · price
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Awaiting price reaction for this filing.
Essar Shipping Limited has completed the sale of its entire stake in DrillXplore Services Private Limited on February 25, 2026, for a total consideration of just Rs. 46,000. This follows an earlier intimation dated February 13, 2026 about the intended sale. The subsidiary contributed nil to the company's turnover, revenue, income, and net worth in the last financial year, indicating it was a non-material or inactive entity. Details of the buyer have not been disclosed and the transaction is not a related party deal.
This is a non-material transaction with negligible financial impact — the consideration of Rs. 46,000 is symbolic, and the divested entity contributed nothing to Essar Shipping's revenue or net worth. Shareholders are unlikely to see any meaningful effect on the stock price or company financials.