Essar Oil- Delisting - Floor Price -146/05 p

Reverse Book Building Exercise from 15/12/2015 to 21 / 12 /2015

http://www.moneycontrol.com/news/business/essar-oil-to-delist-at-floor-pricers-14605share_4488181.html

http://www.business-standard.com/article/companies/essar-oil-fixes-floor-for-delisting-at-rs-146-05-115120500317_1.html

==========

Old Post

November 07, 2015

Essar Oil Delisting Price to Match Russian Buyer s Acquisition Rate

Rosneft is reportedly buying a 49 per cent stake in Essar Oil for $2.8 billion (Rs 18,500 crore), valuing the company at $5.7 bn (Rs 37,600 crore).

In comparison, Essar Oil’s market capitalisation on Friday was $4.1 bn (Rs 26,800 crore).

Source ---

http://www.business-standard.com/article/markets/sebi-directs-essar-oil-to-match-rosnefts-price-for-delisting-115110600926_1.html

============

General Warning : Investment in Shares Can be Injurious to Your  WEALTH

Caution :The blog writer has personal/ family members' holdings  in this company , so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts including this information . No responsibility taken by this author / blog . )