Essar Energy

• Ruias Get Board Nod to Delist Essar Oil From Indian Bourses

  After delisting Essar Energy plc from London Stock Exchange (LSE), the Ruia brothers-controlled Essar Group on June 20 had announced its intention to delist Essar Oil from Indian bourses.

• Essar Energy minority investors appeal to Indian, UK governments: report

  Minority investors in Essar Energy, operating the UK's second-biggest oil refinery, have appealed to the Indian and British governments to intervene to prevent a forced takeover by its majority owner at a price they claim undervalues the company.

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  In Essar 2.0 Ruia Will Opt For ‘Cautious And Conservative’ Investments

  “Public markets don’t necessarily understand the risk In greenfield projects” says Essar’s Prashant Ruia

• Essar Oil UK Posts $70 Mn Profit in FY15

  The profit was driven by highest-ever refining margin, the company said in a statement here.

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  'Greenpeace Activist's Testimony to Leave us Open to Sanctions,' Home Ministry told Court

  The home ministry has defended its decision to stop Greenpeace activist Priya Pillai's travel to London in a court affidavit that says her deposition before the British Parliament would leave India open to sanctions by the West.

• Ruias Get Board Nod to Delist Essar Oil From Indian Bourses

  After delisting Essar Energy plc from London Stock Exchange (LSE), the Ruia brothers-controlled Essar Group on June 20 had announced its intention to delist Essar Oil from Indian bourses.

• Essar Energy minority investors appeal to Indian, UK governments: report

  Minority investors in Essar Energy, operating the UK's second-biggest oil refinery, have appealed to the Indian and British governments to intervene to prevent a forced takeover by its majority owner at a price they claim undervalues the company.

• Essar Energy committee asks minority shareholders to reject bid

  A bid for London-listed Essar Energy Plc by its majority shareholders materially undervalues the company and should be rejected, an independent committee set up to examine the offer reiterated on Friday.

• Essar Energy independent committee snubs Ruia buyout offer again

  A buyout offer from India's billionaire Ruia family for Essar Energy "materially undervalued" the company and its prospects, an independent committee set up to examine the offer said for a third time.

• Essar Energy rejects founders' takeover bid

  The decision comes as a shot in the arm for minority shareholders such as Henderson Global and Standard Life, who were vocal about their displeasure and had termed the offer from Essar Global Fund Ltd (EGFL) as opportunistic.

• Essar independent committee says top shareholder's offer undervalued

  The committee's decision is a shot in the arm for minority shareholders, who deemed the offer from Essar Global Fund Limited (EGFL) as 'opportunistic'.

• Essar Energy unveils $100-million programme for UK refinery

  London-listed Essar Energy Plc on Tuesday said it will start a $100-million cost improvement programme at the UK's second-biggest oil refinery to weather a sharp dip in refining margins.

• Largest shareholder offers 'modest' premium for Essar Energy stake

  The proposal outline valued Essar Energy, which is controlled by privately held Indian conglomerate Essar Group, at more than 900 million pounds.

• Essar takeover plan to hit UK investors: report

  Indian conglomerate Essar's plans of a cheap buyback of its British unit have been criticised in London as a blow to the reputation of the stock market here.

• Essar Energy's largest shareholder says in talks to buy out firm

  The fund said in November it would sell shares to dilute its 78.02 per cent stake in Essar Energy so the company met UK listing requirements, which mandate that at least 25 per cent of a company's stock be available for trading.