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Essar’s Prashant Ruia takes pledge to lead the movement of Clean and Green India

Essar’s Prashant Ruia takes pledge to lead the movement of Clean and Green India

Mon, Aug 15, 2022

Pledges to invest 1 per cent of the total capital expenditure of the country as was done earlier by the group

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ArcelorMittal the chosen one to buy Essar’s steel arm, but guess what! Essar Steel proposes to pay Rs 54,389 cr to exit insolvency

ArcelorMittal the chosen one to buy Essar’s steel arm, but guess what! Essar Steel proposes to pay Rs 54,389 cr to exit insolvency

Fri, Oct 26, 2018

Essar was announced by RBI as a wilful defaulter as it has a huge chunk of debt turned stressed assets with a consortium of banks.

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Essar sells Mumbai property for Rs 2400 cr, in biggest deal of 2018

Essar sells Mumbai property for Rs 2400 cr, in biggest deal of 2018

Wed, Apr 25, 2018

In a big-ticket real estate deal, Essar group has sold prime commercial property Equinox Business Parks at Bandra-Kurla Complex (BKC) in Mumbai to global investment firm Brookfield for Rs 2,400 crore. 

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Essar Oil-Rosneft deal impact: ICICI Bank's exposure reduces by 50%

Essar Oil-Rosneft deal impact: ICICI Bank's exposure reduces by 50%

Mon, Aug 21, 2017

 Essar Oil on Monday completed its deal with Russia's Rosneft. Few banks have large exposure to the Essar Group and with this deal concluded it comes as a sign of relief. 

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Essar Oil-Rosneft Rs 83,000 crore deal concludes; eyes to pay Rs 4000 crore to Indian lenders

Essar Oil-Rosneft Rs 83,000 crore deal concludes; eyes to pay Rs 4000 crore to Indian lenders

Mon, Aug 21, 2017

All-cash sale deal consists of Essar Oil's 20 million tonne refinery at Vadinar in Gujarat and 3,500 retail outlets across the country.

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Essar says hopes to close sale to Rosneft-led consortium in next few weeks

Essar says hopes to close sale to Rosneft-led consortium in next few weeks

Fri, Mar 31, 2017

"The parties are working towards obtaining the requisite approvals to complete the transaction. We are hopeful that the deal will be completed in the upcoming few weeks," Essar said. 

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Reliance Industries' Mukesh Ambani tops Indian billionaire list in Forbes survey; see full list

Reliance Industries' Mukesh Ambani tops Indian billionaire list in Forbes survey; see full list

Tue, Mar 21, 2017

Reliance Industries' chairman and MD Mukesh Ambani has topped the list of Indian billionaires featured in Forbes recent survey titled 'The World's Billionaires' with global ranking of 33 and networth of $23.2 billion, find out names of other Indians in the list.

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Banks eye 'resolution' of Rs 1.5 lakh crore worth stressed assets

Banks eye 'resolution' of Rs 1.5 lakh crore worth stressed assets

Sun, Oct 23, 2016

The 'resolution' process has got a major boost after three top lenders -- ICICI Bank, Axis Bank and StanChart -- got back an estimated $ 2.5 billion last Friday as part of the first payment for their debt exposure to the Ruias-led Essar Group.

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ICICI, Axis, StanChart gets back Rs 16,600 crore of Essar Group loans

ICICI, Axis, StanChart gets back Rs 16,600 crore of Essar Group loans

Sat, Oct 22, 2016

The remaining 2% will be held by minority shareholders after delisting of Essar Oil.

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Essar-Rosneft deal: Will it help Indian banks in deleveraging?

Essar-Rosneft deal: Will it help Indian banks in deleveraging?

Tue, Oct 18, 2016

The deal will also be significant because the Indian banks have become very forceful in addressing the problem of bad loans.

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Essar-Rosneft deal: Banks will have their long awaited laugh

Essar-Rosneft deal: Banks will have their long awaited laugh

Mon, Oct 17, 2016

Essar Group's deal with Russia’s Rosneft on Saturday to sell Essar Oil for Rs 72,800 crore is likely to send a wide grin on face of a few banks. 

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ICICI Bank shares jump over 6% on Essar Oil stake sale deal with Rosneft

ICICI Bank shares jump over 6% on Essar Oil stake sale deal with Rosneft

Mon, Oct 17, 2016

Reportedly, in the all-cash deal, it also includes Vadinar refinery and Vadinar Port in Gujarat. 

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Essar Group phone tapping case: Complaint against company forwarded to Home Ministry

Essar Group phone tapping case: Complaint against company forwarded to Home Ministry

Sun, Jun 19, 2016

A spokesperson for Anil Ambani-led group said they were "shocked" to see the reports about the so-called tapes.

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