Essar Oil signs pact to sell 49% stake to Russia's Rosneft
Essar said it "signed a non-binding Term Sheet with regard to Rosneft?s participation in the equity capital of Essar Oil Limited with a share of up to 49 per cent."
Jul 09, 2015, 11:17 AM ISTEssar Oil signs pact to sell 49% stake to Rosneft
Essar Oil shares surged as much as 5.1 per cent on Thursday to Rs 198.35 after Russia's Rosneft signed a deal to acquire up to 49 per cent stake in its Vadinar oil refinery.
Jul 09, 2015, 10:53 AM IST