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Essar Energy panel backs Ruia family's take-private offer
Independent directors of Essar Energy have “reluctantly” recommended that minority shareholders accept a hostile offer from the controlling Ruia family to take the oil and power group private.
Essar committee 'reluctantly' backs hostile takeover  Telegraph.co.uk
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Reversal of fortunes for India takes toll on Essar Energy
Essar Energy's unexpected plans to delist its shares have caused immediate bad feeling among long-suffering investors, who have waited in vain for a turnround at the India-focused refinery and power group.
Essar Energy special committee hires Linklaters to study takeover offer  Telegraph.co.uk
Essar Energy facing potential bid  Liverpool Echo
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Essar Energy bid turns hostile
Essar Global Fund Limited, which controls 78 per cent of shares in the London-listed company, confirmed on Friday that it was making a formal offer to buy out the minority shareholders in the business at no premium to its previously rejected approach.
Essar going private on cheap 'due to UK rules'  Telegraph.co.uk
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Essar Energy sells entire 50% stake in KPRL to Kenyan govt
Mumbai: Essar Group-controlled Essar Energy Overseas Ltd on Friday said it will sell its 50% stake in Kenya Petroleum Refineries Ltd (KPRL) to the government of Kenya as part of an effort to monetise non-core assets. This transaction marks Essar Energy ...
Essar Energy sells 50 pct stake in KPRL to Kenyan Government  Business Standard
Essar Power in Talks With Shell, GAIL for LNG to Restart Plants
... for Essar Power, which is targeting a return to profit in the year ending March. The company, a unit of London-based Essar Energy Ltd., said last month it was considering selling some assets to help reduce more than 200 billion rupees ($3 billion ...
Russia's Rosneft to buy 49% stake in Essar Oil
Rosneft, the world's top listed oil producer, and Essar Oil & Gas Ltd/Essar Energy Holdings Ltd, companies incorporated and managed under the laws of Mauritius, had in July last year signed a non-binding Term Sheet.
ONGC, Essar Energy arm strikes gas in Mumbai High
According to sources close to the development, the consortium of ONGC and Essar Exploration and Production Ltd (Mauritius) has filed details of the discovery with the Directorate General of Hydrocarbons (DGH).
ONGC-Essar consortium strikes gas in Mumbai High  Indiainfoline
In-house: Singh steps down from GC post at Indian energy giant Essar Global Fund
Raminder Singh, the London-based general counsel and chief compliance officer of Indian conglomerate Essar Global Fund Limited (EGFL), the holding company for Essar Energy, is to depart at the end of the year. Essar's most senior lawyer Singh said he ...
Essar reaches coal bed methane milestone
“CBM offers a new energy frontier as India evolves to a gas-based economy. Delivering one million m3/d from Raniganj Block marks the beginning, as the potential is tremendous and the company has definitive plans to ramp up CBM production from 350 ...
Essar Energy pursuing shale gas opportunity in West Bengal  Livemint
Essar Energy to invest additional Rs 1000 cr in Raniganj block  Business Standard
Essar Oil goes private
Oil Bidco Limited (OBL), promoter of Essar Oil Ltd (EOL), has announced the successful completion of EOL's delisting offer process, which has emerged as the largest privatisation bid in the history of corporate India, valuing EOL at INR 38 000 crore ...