April 26, 2018 / 7:53 AM / a month ago

Essar Oil seeks shareholder approval to change name to Nayara Energy Ltd

NEW DELHI, April 26 (Reuters) -

* Essar Oil Ltd said on Thursday it is seeking shareholder approval to change its name to Nayara Energy Ltd, create a new brand and identity, and reflect change in ownership

* Majority stake in Essar Oil was acquired by Russia’s Rosneft and a consortium led by commodity trader Trafigura and UCP Investment Group in August 2017 (Reporting by Sudarshan Varadhan, Editing by Sherry Jacob-Phillips)

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