Essar Oil's small investors to get Rs 75.48 more over delisting price

Promoters of Essar Oil Ltd (EOL), Essar Energy Holdings Limited (EEHL) and Oil Bidco (Mauritius) Limited (OBML) said on Tuesday that the former minority shareholders, who tendered EOL shares in the delisting offer, will be paid an additional amount of Rs 75.48 per share, following the closure of the sale transaction with Rosneft and the Trafigura-UCP consortium. 

The total payment of around Rs 880 crore will be in addition to the Rs 3,064 crore that OBML had paid to the minority shareholders following EOL’s delisting in 2015. 

“This transaction (Essar-Roseneft consortium) has created many records and the additional payout to