Essar Oil to transfer shares within group - Business Standard

Amidst its listing plans on the London Stock Exchange, the Ruia-led Essar Group today said its promoters would be transferring Essar Oil shares between themselves.

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Essar Energy Holdings, which runs the group’s oil assets, and Essar Investments would acquire 18.14 per cent stake of Essar Oil between April 9 and April 30, the company said in a statement to the Bombay Stock Exchange.

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Essar Investment would also acquire some shares of Essar Shipping Ports & Logistics, the company said, without giving any details.

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