Essar Ports aid a strategic pact between the company and Port of Antwerp International has been mutually terminated. “The Strategic Alliance Agreement executed amongst the Company, Port of Antwerp International and Port of Antwerp International UK Limited (“SSA”) has been mutually terminated,” Ruias-promoted Essar Ports said in a regulatory filing.
The parties will however continue to work on the ongoing engagements which were initiated under the SAA, the filing said. The company had earlier entered into a strategic pact with Port of Antwerp International UK Limited, a subsidiary of the Port of Antwerp.
On June 03, 2015, Essar Ports closed at Rs 100.50, down Rs 4, or 3.83 percent. The 52-week high of the share was Rs 150.40 and the 52-week low was Rs 73.15.
The company’s trailing 12-month (TTM) EPS was at Rs 0.01 per share as per the quarter ended March 2015. The stock’s price-to-earnings (P/E) ratio was 10050. The latest book value of the company is Rs 62.49 per share. At current value, the price-to-book value of the company is 1.61.
