Promoters of Essar Oil Limited Complete Largest Privatisation in Indian Corporate History with Delisting of Essar Oil Limited at a Market Valuation of INR 38,000 crore (USD 5.75 bn): Public and Institutional Investors Gain

摘要

1. Market valuation of INR 38,000 crore (USD 5.75 bn); 2. Payout of INR 3,745 crore made to shareholders for Essar Oil delisting, largest in India's corporate history; 3. Investors benefited because Essar Oil Ltd grew from a market cap of just INR 2,000 crore. in 1995 to more than INR 38,000 crore in 2015 4. Investors to get INR 262.80 per share - an 80% premium to the floor price of INR146.05 Oil Bidco (Mauritius) Limited, promoter of Essar Oil Ltd (EOL), is pleased to announce the successful completion of EOL's delisting offer process, which has emerged as the largest privatisation bid in the history of corporate India, valuing EOL at INR 38,000 crore (USD 5.75 bn) of market capitalisation.