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Mumbai Feb 20 Essar Shipping and Logistics Ltd on Tuesday said that it will buy back the remaining 23.54 per cent of the fully paid-up Essar Shipping Ltd from shareholders, the floor price of which has been fixed at Rs. 31.62 for each share on the basis of average 26-week high and low closing price on the BSE.

The company will be acquiring 10.03 crore equity shares for the purpose of delisting the equity shares of Essar Shipping from the BSE.

The bid opening date has been fixed for March 5; the closing date is March 9.

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