March 14, 2014 / 5:31 PM / 4 years ago

REFILE-Ruias offer 70 pence per share for Essar Energy

March 14 (Reuters) - India’s billionaire Ruia family made an offer of 70 pence per share to buy out the minorities in its London-listed Essar Energy.

Essar Global Fund Ltd owns about 78 percent of the India-focused resources company.

Essar Energy’s independent directors said last month that an offer of 70 pence per share would undervalue the company.

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