Essar Shipping Approves Sale Of Essar WildCat Drilling Rig

The Board approved, subject to shareholder approval, the sale of the Essar WildCat semi-submersible drilling rig owned by Essar Shipping FZCO, targeting completion by March 31, 2027. No buyer, agreement or consideration has been disclosed, and the rig contributed nil turnover or net worth in FY26. Context: extends recurring asset monetisation.