The delisting offer which was to close yesterday got struck due to ‘technical’ issues as the bids were received for an an estimated 10.1 crore shares, as against a requirement for 9.26 crore shares for the offer to succeed.
The delisting offer which was to close yesterday got struck due to ‘technical’ issues as the bids were received for an an estimated 10.1 crore shares, as against a requirement for 9.26 crore shares for the offer to succeed.
The bids from LIC came within the scheduled time but some 'technical issues' led to the LIC shares remaining in the 'unconfirmed category'.
Essar Oil Ltd is currently trading at Rs. 253.6, up by Rs. 13.6 or 5.67% from its previous closing of Rs. 240 on the BSE.
The scrip opened at Rs. 243.5 and has touched a high and low of Rs. 254.7 and Rs. 243.5 respectively. So far 1916835(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 36302.26 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 249.8 on 22-Dec-2015 and a 52 week low of Rs. 98 on 05-Jun-2015. Last one week high and low of the scrip stood at Rs. 249.8 and Rs. 216.3 respectively.
The promoters holding in the company stood at 24.89 % while Institutions and Non-Institutions held 3.24 % and 6.26 % respectively.
The stock is currently trading below its 50 DMA.
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