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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
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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 investors are bristling at 70p price of sell-off  CITY A.M.
Standard Life slams India's powerful Ruia family after low Essar offer  This is Money
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Essar Energy in oil deal with Barclays
Barclays will take control of procurement and existing crude and refined oil inventories at Britain's second largest refinery to reduce the borrowing costs and trim debt levels of its operator Essar Energy. The deal comes nearly a year after Essar ...
India's Essar suffers fresh blow with steel unit's bankruptcy
The Ruia family also completed a controversial deal in May to take private its London-listed oil refining and power subsidiary Essar Energy, using financing provided in part by Russian bank VTB. Essar bought Algoma Steel for about $1.5bn in 2007 during ...
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Essar to sell UK's second-biggest refinery
India's Essar Group plans to sell the British oil refinery it bought from Royal Dutch Shell for $350m in 2011, as the struggling conglomerate attempts to reduce debts and refocus on its core Indian business.
Essar Looking To Sell UK's Stanlow Refinery  DealCurry
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Rosneft leads $13bn purchase of Essar Oil
India is already the world's third-largest importer of crude oil and its demand will increase more than any other country's over the next two decades, according to the International Energy Agency. But Russia has long lagged far behind Middle Eastern ...
Rosneft, Trafigura to Spend $13 Billion to Buy Indian Refiner  Bloomberg
Essar Steel places big bet on US iron ore
Essar recently sold a 49 per cent stake in its main oil refinery to Rosneft of Russia, while in 2013 it took on a new $1bn loan from Moscow-based VTB Bank to fund a controversial delisting of its Essar Energy subsidiary from the London Stock Exchange.
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 ...
LIC demands dues from Essar to give clearance to Rosneft-Essar deal
As per the deal, Essar Energy Holdings Ltd and Oil Bidco (Mauritius) Ltd - which control Essar Oil signed separate agreements for the 98% stake sale.
India's Bhushan, Essar Steel among 12 firms being moved to insolvency courts ...
MUMBAI, June 16 (Reuters) - India's central bank has asked lenders to initiate bankruptcy proceedings against a dozen companies, including Essar Steel, Bhushan Steel Ltd, Monnet Ispat and Energy Ltd, sources with direct knowledge of the matter said.
Bhushan, Essar Steel among 12 firms listed  The Hindu