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Moneycontrol.com >> Message Board >> View Messages >> Essar Oil
   You are here :     Moneycontrol     MMB      Stocks      Essar Oil
NSE Announcements on Essar Oil (1)   22-Jul-08 18:33Tracked by (0)  
Posted by:   MMB Messenger on ( 22-Jul-08 18:33 )
Price : [Essar Oil - BSE:Rs. 178.75 NSE:Rs. 179.00 when posted]
Essar Oil Limited has informed the Exchange regarding the approval granted by the shareholders at an Extraordinary General Meeting held on December 18, 2007 for issue of US $2000,000,000 (United States Dollars Two thousand million only) Global Depository Shares (GDSs) to Promoters on preferential issue basis. The Company has now informed the Exchange that on July 22, 2008, the company issued and allotted second tranche of 27,771,948 equity shares of Rs. 10/- each (face value) fully paid up at a price of Rs. 200.00 per share in favour of the overseas Depository, The Bank of New York, which are represented by 181,516 GDSs aggregating to US $129.418 million. The GDSs have been subscribed by Promoter Company, Essar Energy Holdings Limited for part financing the expansion of refining capacity and for other general corporate purposes. This allotment is pursuant to letters from Stock Exchanges dated December 28, 2007 and January 02, 2008 respectively granting in-principle approval for issue and allotment of equity shares to be allotted towards the issue of GDSs aggregating to US $2000 million.

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News Updates on Essar Oil

NSE Announcements on Essar Oil - Essar Oil Limited has informed the Exchange regard...
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