Date:26/02/2008 URL: http://www.thehindu.com/2008/02/26/stories/2008022655681600.htm

Business - Briefly

Essar Shipping to raise $1 b

MUMBAI: Ruias-promoted Essar Shipping on Monday said its shareholders had approved raising of $1 billion through the issue of securities. The shareholders have also approved the name change of the company to Essar Ports and Logistics Ltd.