Equinox Realty Holdings Limited agreed to acquire 73% stake in Energy II Limited from Essar Shipping Limited (BSE:533704) for $60.12 million on November 8, 2023. Energy II Limited generated the revenue of $2.6 million on for the year ended March 31, 2023. This transaction has approved by the shareholders at the AGM held on September 29, 2023.

The transaction is expected to close Within 180 days from the date of AGM of 2022-23.