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| Exchange Disseminated Time | Essar Shipping & Logistics Ltd has submitted the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 to BSE
Name of the Target Company (TC) : Essar Shipping Ltd
Name of the Promoter(s) on whose shares encumbrance was created/ invoked/ released : Essar Shipping & Logistics Ltd
Date of reporting : January 25, 2012
Names of the stock exchanges where the shares of the target company are listed : NSE & BSE
Details of the promoters' holding
Promoter (s) or PACs with him : Essar Shipping & Logistics Ltd
Pre-event holding
Number : 170451851
% of total share capital : 83.06%
Details of events pertaining to encumbrance
Type - creation/ invocation/ release : Creation of an encumerance on 142235159 Equity Shares (encumbered shares) comprising 69.31% of the existing equity share capital of the TC
Date (s) : January 19, 2012
Post event holding (encumbered shares to be excluded)
Number : 6810327
% of total share capital : 3.32%
(*) Details of encumbrance (pledge/lien or others)
Continuation of a preexisting encumbrance (being a non disposal undertaking together with a power of attorney to sell the encumered shares) of Essar Shipping & Logistics Ltd (ESPLL) in favour of IDBI Trusteeship Services Ltd, an agent of the lenders, prior to the demerger of the shipping & oilfield services business of ESPLL into Essar Shipping Ltd. |
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