Essar Oil to Delist at Floor Price of Rs 146.05/Share

New Delhi: Essar Oil Ltd, India's second-biggest private refiner, has set a floor price of Rs 146.05 a share to buy out minority shareholders, the company said in a public notice. On Friday, shares of Essar Oil closed at Rs 210.15 rupees, up 0.67 per cent. Essar Oil has decided to delist from local stock exchanges by buying out the non-promoter shareholding of 28.54 per cent to give its promoters greater flexibility, the company sa...