Essar Securities Ltd was incorporated on December 16, 2005 as a public limited company. The company is primarily engaged in business of providing strategic advisory services and business start up consultancy services. _x000D_ _x000D_ As per the scheme of arrangement between India Securities and the company, the investment division of India Securities Ltd was de-merged into the company with effect from the appointed date, February 1, 2008. The scheme became effective on March 9, 2009._x000D_ _x000D_ The company`s equity shares were listed on the Bombay Stock Exchange Ltd (BSE) with effect from December 30, 2009._x000D_ _x000D_ In August 2010, the company sold their investments comprising of equity shares of Essar Telecom Infrastructure Pvt Ltd for a total consideration of Rs 49.70 crore._x000D_