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Esssar Energy Holdings to exercise call option

Esssar Energy Holdings to exercise call option

In a move to consolidate non-public holdings of Essar Oil, Essar Energy Holdings, Mauritius exercised the call option to buy 32.95 million shares or 2.41 percent stake in the former from UK's Imperial Consultants and Securities. It may be recalled that on April 6, 2010, Essar Energy entered into an agreement with Essar Investment for the call option. Later, Essar Investment demerged its inves