ESSAR OIL LTD. - Essar Oil Ltd reply to clarification sought by the exchange

The Exchange had sought clarification from Essar Oil Ltd with respect to news appearing in Business Standard on February 16, 2015 titled "Gulf Petrochem acquires Essar's Kenyan Operations."<BR> <BR>Essar Oil Ltd replied stating "Kindly note that Essar Oil Limited neither directly nor through its subsidiary is having any marketing operations in Kenya. These operations are being carried on by a group company, Essar Petroleum East Africa Limited. Our name has been wrongly quoted by the print media in the article."