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Essar Energy bid turns hostile
The majority owner of Essar Energy has gone hostile with its controversial offer to take the Indian-focused oil refining and power generation company private at 70p a share.
Ruias go ahead with 70 pence/share offer for Essar Energy  Reuters
UPDATE: Essar Global Fund Reaffirms Offer For Essar Energy At 70p  London South East
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Reversal of fortunes for India takes toll on Essar Energy
Essar Energy's unexpected plans to delist its shares have caused immediate bad feeling among long-suffering investors, who have waited in vain for a turnround at the India-focused refinery and power group.
Billionaire Ruia Brothers Seek Remaining Essar Energy Stake  Bloomberg
Essar Energy special committee hires Linklaters to study takeover offer
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Essar Energy panel backs Ruia family's take-private offer
Independent directors of Essar Energy have “reluctantly” recommended that minority shareholders accept a hostile offer from the controlling Ruia family to take the oil and power group private.
Essar committee 'reluctantly' backs hostile takeover
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Essar Energy independent directors reject Ruia take-private offer
Essar Global Fund Limited, the investment vehicle of the billionaire Ruias, one of India's richest families, this month unveiled an informal offer for the 22 per cent of the London-listed company they do not already own, at a price of 70p a share ...
UPDATE 1-Essar Energy rejects founders' takeover bid  Reuters UK
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Essar Energy to exit Kenya Petroleum Refineries Ltd
KOLKATA: Essar Energy plc, the India-focused integrated energy company, announced that it intends to exit from its 50% owned joint venture business Kenya Petroleum Refineries Ltd (KPRL), which operates the oil refinery in Mombasa, Kenya.
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Essar Energy's exit from Kenya refinery to get stalled
Ruias-owned Essar Energy, listed on London Stock Exchange, could face trouble in its proposed pullout of Kenya Petroleum Refineries Ltd (KPRL), which runs an old and loss-making crude oil refinery in Mombasa, as the Kenyan government has raised ...
Essar Energy Mauritius arm to buy 2.4 pc stake in Essar Oil
Essar Energy Holdings Ltd, Mauritius has agreed to purchase 32,947,191 shares in Essar Oil Ltd representing a 2.41 per cent interest (including Global Depository Securities), from Imperial Consultants and Securities Pvt Ltd," the company said in a ...
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Essar Energy refinery exit awaits Cabinet sanction
Chirchir explained that what has been agreed upon is the framework for the exit of Essar Energy from the Mombasa-based refinery but declined to elaborate on the details of the controversial issues that have held back the process for close to 10 months.
Ruia brothers under fire for move to delist Essar Energy
But the announcement by Essar Global Fund Limited, the investment vehicle of the billionaire brothers, that they are considering offering 70p a share to buy back the 22 per cent of Essar Energy they don't own has triggered an angry backlash. The shares ...
Essar Energy committee asks minority shareholders to reject bid
The committee, appointed by the company in February, also said proposed changes to UK listing rules could make it more difficult to delist the company.
Essar investors step up attack on Ruias  Financial Times
Shareholders in Essar Energy step up resistance to bid by majority owners  This is Money
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