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Essar Energy panel backs Ruia family's take-private offer
Essar's independent committee said on Tuesday: “Despite [our] view on valuation, because the shares offer is now wholly unconditional, Essar Energy shareholders who do not accept the shares offer will be faced with the risks and uncertainties ...
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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Former minority shareholders of Essar Oil to get extra Rs. 880 cr.
Essar Energy Holdings Limited (EEHL) and Oil Bidco (Mauritius) Limited (OBML), the promoters of Essar Oil Ltd. (EOL) have agreed to pay to former minority shareholders, who tendered EOL shares in the delisting offer, an additional amount of Rs. 75.48 ...
Russia Buys Into Indian Energy: 5 Things To Know  Forbes
Former Essar investors gain  The Telegraph
Essar Oil CEO Lalit K Gupta quits as Rosneft rejigs board on $13 billion takeover
"Strengthening Essar Oil Ltd's balance sheet will be the first priority, a process we have already started by closing this transaction," Fountain said.
Essar to pay additional Rs 880 cr or Rs 75.48 per share to minority ...  Firstpost
Russia's Rosneft closes deal to buy 49 pct stake in India's Essar Oil  CNBC
Rosneft leads $13bn purchase of Essar Oil
Investors led by Rosneft have agreed to buy oil refining and port assets from India's troubled Essar Group in a deal worth $13bn, as Moscow seeks to boost its marginal presence in an increasingly crucial hydrocarbon market.
Rosneft, Trafigura to Spend $13 Billion to Buy Indian Refiner  Bloomberg
Rosneft clears last hurdles for Essar Oil takeover
The delayed $13bn takeover of India's Essar Oil by a consortium led Rosneft has cleared its last serious obstacles, according to the Russian oil group's chief executive Igor Sechin.
Lenders approve Rs 86000-crore Essar Oil sale to Rosneft  Economic Times
Lenders clear Rosneft-Essar Oil deal  Hindu Business Line
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
Essar offers to prepay LIC to save Rosneft deal
LIC, India's largest financial institution and a lender to various Essar group companies, has been holding back its consent to the $13-billion deal saying it would approve the mega transaction only after another Essar company, Essar Power, clears its dues.
Tata and Essar plants in Gujarat fit for takeover: NTPC
Likely participants are Gujarat energy minister Chiman Shapariya, state additional chief secretary Sujit Gulati, Gujarat Urja Vikas Nigam Ltd (GUVNL) managing director Pankaj Joshi and lenders including State Bank of India chairperson Arundhati ...
Gujarat govt to meet lenders this week on Tata, Adani power projects  Hindu Business Line