Betaville

Billionaire Ruia brothers make bid to take Essar Energy private

Remember Essar Energy? The Indian oil and gas group that floated in 2010 in one of the worst debut performances of any new London-listed company in almost a decade.

Back then, the new shares were issued at 420p and slumped 7pc on the first day of trading. Since the flotation in 2010, the stock has tumbled to almost 57p...