Corporate Structure

Shareholding -structure

# including FCCBs  which have  been converted into Equity Shares and GDSs held by EEPLC . However, effective shareholding  without  GDS is 72.47%.

# Essar Energy has an option to acquire a further 0.43% of Essar Oil's shares from other Essar  group companies at market price by June 30, 2014.

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