Essar Shipping Ports & Logistics on Thursday said Ravi Ruia, who is also the Vice-Chairman of Essar Group, has resigned from the company's board with immediate effect due to other commitments.
"The company has received a letter dated March 31, from Ravi Ruia tendering his resignation from the board of directors of the company with immediate effect due to other commitments," Essar Shipping Ports & Logistics said in a filing to the Bombay Stock Exchange.
"The same will be placed before the board at its next meeting," the company added. Essar Shipping Ports & Logistics is part of Essar Group, which has presence in the sectors of steel, energy, power, communications, construction and mining and minerals. Essar Shipping Ports & Logistics is a logistics services provider with investments in ports and terminals, sea transportation and oilfield drilling services.
