14th September 2007.



Members of the Exchange are hereby informed that pursuant to compliance with the formalities for delisting of securities under SEBI (Delisting of Securities) Guidelines, 2003, Essar Teleholdings Limited (Code No.29021 & 10029021) will be delisted from the official records of the Exchange with effect from 17th September 2007.


In this connection, it may kindly be noted that the exit option will be kept open to the remaining shareholders at the same rate i.e. Rs.4,990/- per share for a period of six months from the date of delisting by the acquirers Indsec Holding Limited (Acquirer) acting on behalf of self and Kroner Investments Limited. The option form in this regard may be forwarded to the company at the below mentioned address:

Mr.Girish Sathe

Company Secretary,

Essar Teleholdings Limited,

Essar House, 11, K.K. Marg,

Mahalaxmi, Mumbai.400 034.


Phone No.(022) 66601100

Fax: (022) 6666 9426

Cell No.98197 31827