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Essar Oil board approves delisting from BSE and NSE

walk past an Essar Group logo outside their headquarters in Mumbai May 20, 2013.(Reuters) - Refiner Essar Oil Ltd on Monday said its board had approved delisting of shares from the BSE Ltd and National Stock Exchange of India Ltd.Essar Oil, a unit of the diversified Essar Group, said its board met on Sunday to decide on the proposal.The move is part of Essar Oil's plans to take the energy business...
Source : Reuters India |
Category : Others | City : Mumbai

Ruias to de-list Essar Oil from Indian bourses

Mumbai-based Essar Group wants to buy all the shares it doesn't already own in Essar Oil....
Source : Times Of India |
Category : Business

Essar Oil Board Approves Delisting From BSE and NSE

Refiner Essar Oil Ltd on Monday said its board had approved delisting of shares from the BSE Ltd and National Stock Exchange of India Ltd.Essar Oil, a unit of the diversified Essar Group, said its board met on Sunday to decide on the proposal.The move is part of Essar Oil's plans to take the energy business of Essar Energy Plc private to provide increased financial flexibility to support its business...
Source : Ndtv |
Category : Others | City : Mumbai

Essar Oil set to exit local bourses

The Ruia-controlled Essar group will now delist Essar Oil from local bourses after having delisted Essar Energy plc from the London Stock Exchange (LSE).In a notice to the Bombay Stock Exchange, Essar Oil said it had received a letter from its promoter — Essar Energy Holdings Ltd (EEHL) — for a voluntary delisting of the equity shares of the company from the BSE and the National Stock Exchange by ...
Source : Telegraphindia |
Category : Business | City : Mon

Billionaire Ruias Said to Weigh Delisting Units: Corporate India

cookies.Essar Group Chairman Shashikant Ruia. The Ruia brothers are overhauling Essar Group as Indian family-run companies come under pressure to sell assets after racking up debt.Essar Group Chairman Shashikant Ruia. The Ruia brothers are overhauling Essar Group asEssar Group Chairman Shashikant Ruia. The Ruia brothers are overhauling Essar Group as Indian family-run companies come under pressure...
Source : The Money Times |
Category : Business

Ruias to de-list Essar Oil from Indian bourses

from London Stock Exchange (LSE), the Ruia-brothers controlled Essar Group will de-list Essar Oil from Indian bourses.In a notice to the Bombay Stock Exchange, Essar Oil said it has received a letter from its promoter, Essar Energy Holdings Ltd (EEHL) for voluntarily delisting of the equity shares of the company from BSE and National Stock Exchange by purchasing shares held by public.Mumbai-based Essar...
Source : Business Today |
Category : Business | City : New Delhi

Largest shareholder offers 'modest' premium for Essar Energy stake

Essar Energy Plc said its largest shareholder, Essar Global Fund Ltd, has made a possible offer of 70 pence per share for the 22 per cent stake it does not own in the London-listed oil and gas producer.The proposal outline valued Essar Energy, which is controlled by privately held Indian conglomerate Essar Group, at more than 900 million pounds.Essar Energy said it had constituted an independent committee...
Source : Ndtv |
Category : Others

Ruias Get Board Nod to Delist Essar Oil From Indian Bourses

Essar Oil's board has agreed to its promoters' proposal to delist the company from Indian stock exchanges.After delisting Essar Energy plc from London Stock Exchange (LSE), the Ruia brothers-controlled Essar Group on June 20 had announced its intention to delist Essar Oil from Indian bourses.Essar Oil in a statement said its board of directors met on Sunday to consider the delisting proposal.It agreed...
Source : Ndtv |
Category : Others | City : New Delhi

Essar investors appeal to India, UK against takeover

have appealed to the Indian and British governments to intervene to head off a forced takeover by its majority owner at a price they say undervalues the company.Essar Energy is listed in London but remains 78 per cent-owned by Essar Group, an Indian conglomerate, which has offered 70 pence per share for the 22 per cent of Essar Energy it does not own.Other Essar Energy shareholders and independent...
Source : Business Today |
Category : Business | City : London

Essar to withdraw from Kenyan refinery project

Maina Waruru, Nairobi, Oct 13 : After months of controversy and speculation, Indian energy giant Essar Group has announced it is giving up its 50 percent stake in Kenya's oil refinery.Essar said its continued ownership of the Kenya Petroleum Refineries Limited (KPRL) was no longer tenable owing to the huge capital investments needed to continue sustainable operations.Essar's African subsidiary, Essar...
Source : Newkerala |
Category : International
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