ESTL

Essar Steel Limited has informed the Exchange vide its letter dated November 16, 2007 that: "The equity shares of the Company have attracted significant trading over last couple of days. The economic Times, Mumbai carried an articles on 15.11.2007 titled "Essar Oil Promoters to hike stake" wherein it has been mentioned that The Essar Group has tried to delist two other listed companies - Essar Shipping and Essar Steel earlier this year without much success" Attention of the investors is drawn to following facts. 1) The reverse book building process under the delisting offer has already been co

Clarification of News : The press had reports on September 05, 2005 that Essar Steel Limited is close to acquiring a 2.5 million tonne steel mill from INI Steel, South Korea. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Essar Steel Limited has vide its letter inter-alia stated, "We would like to categorically state that the news report is factually incorrect and Essar Steel has not finalised any deal with INI St

Clarification of News : The press had reports that Essar Steel Limited is close to acquiring a 2.5 million tonne steel mill from INI Steel, South Korea. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Essar Steel Limited.