Essar Oil is on fire today at Rs 167 !.There are strong indicators that the Russian Oil Giant is acquiring a major stake but Company keeps repeatedly denying this
Today’s extremely high abnormal volumes on BSE & NSE give a strong signal
In Mid 2014 I had raised strong views on Essar Oil trying to short minority shareholders by wanting to delisting at a low price.Later in the year it announced a floor price of Rs 108 but the effort was rightly thwarted as the price was simply too low !
I had blogged on this and was also covered by Outlook Business…here are the two posts
Wednesday, July 23rd, 2014LIC will never go Public & Essar Oil wants to go Private ! ~ What is the Connection !?
Saturday, June 21st, 2014
2 thoughts on “Essar Oil on Fire at Rs 167 after delisting natak last year at Rs 108”
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