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Essar Oil gets stock exchanges approval for delisting

On Wednesday, L K Gupta, company’s Managing Director and CEO said that Essar Oil has received approvals from National Stock Exchange (NSE) and BSE to delist its shares.

“NSE and BSE approval have now been received. The promoters will now have to make announcement and reverse book building start,” he said.

He also said that the entire process of delisting shares may take up to 2 months.

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