Billionaire Ruia brothers make bid to take Essar Energy private

Friday, 14 February 2014, 11:00 pm

Remember Essar Energy? The Indian oil and gas group that floated in 2010 in one of the worst debut performances of any new London-listed company in almost a decade.

Back then, the new shares were issued at 420p and slumped 7pc on the first day of trading. Since the flotation in 2010, the stock has tumbled to almost 57p...

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