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Essar Oil public shareholders to receive an additional Rs 880 crore over delisting price

Essar Oil public shareholders to receive an additional Rs 880 crore over delisting price

Aug 22, 2017, at 10:09 pm

Mauritius, Aug 22 (IBNS): : Essar Energy Holdings Limited (EEHL) and Oil Bidco (Mauritius) Limited (OBML), the Promoters of Essar Oil Ltd (EOL), on Tuesday announced that they will pay to former minority shareholders, who tendered EOL shares in the Delisting Offer, an additional amount of Rs 75.48 per share, based on the current closing numbers, following the closure of the sale transaction with Rosneft and the Trafigura-UCP consortium.