Essar Oil to Delist From Local Bourses

New Delhi: Essar Oil Ltd, India's second biggest non-state oil refiner, on Saturday issued a public notice to delist the company from local bourses by buying out the non-promoter shareholding of 28.54 per cent at Rs 146.05 per share. Delisting the company would give billionaire brothers Shashikant and Ravikant Ruia greater flexibility and lesser regulatory scrutiny. Essar Oil has signed an agreement to sell a 49 per cent stake to Ru...