Essar Oil sets Rs 108.18 as floor price for delisting of
equity shares
26/06/2014 10:31
Essar Oil, engaged in the exploration and production of oil and natural gas, on Thursday announced a floor price of Rs 108.18 has been set for the delisting proposal. The company in a filing to Bombay Stock Exchange said that it has received a certificate of floor price from Essar Energy Holdings Limited in relation to the proposed voluntary delisting of the company. Earlier on Monday, the board of company had approved voluntary delisting proposal of the company from domestic bourses. The company further said that it has received a certificate computing the floor price for the delisting proposal which has been issued by MZSK & Associates, engaged by EEHL in this regard. Boosted by development, shares of company were trading at Rs 112.00 apiece, up 4.97 per cent, from previous close on BSE at 10:40 hours.
26/06/2014 10:31
Essar Oil, engaged in the exploration and production of oil and natural gas, on Thursday announced a floor price of Rs 108.18 has been set for the delisting proposal. The company in a filing to Bombay Stock Exchange said that it has received a certificate of floor price from Essar Energy Holdings Limited in relation to the proposed voluntary delisting of the company. Earlier on Monday, the board of company had approved voluntary delisting proposal of the company from domestic bourses. The company further said that it has received a certificate computing the floor price for the delisting proposal which has been issued by MZSK & Associates, engaged by EEHL in this regard. Boosted by development, shares of company were trading at Rs 112.00 apiece, up 4.97 per cent, from previous close on BSE at 10:40 hours.
