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Essar Oil Debt News
Essar Oil Debt
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.
NCLT priority for insolvency: RBI partially retracts statement
Sun, Jul 09, 2017
RBI had said it has identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs of banks.
Russia's Rosneft CEO says takeover of India's Essar is closed
Thu, Jun 22, 2017
The deal, where Rosneft will hold a 49 percent stake, will allow the Russian company to increase oil refining output by 20 percent this year.
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.
Deal with Rosneft is U.S. sanctions-compliant, says Prashant Ruia
Mon, Oct 17, 2016
He said the deal did not violate the economic sanctions imposed by the U.S. government on Russian entities over Russia`s role in the Ukraine crisis. "The way it is structured, it is fully compliant. We are well within the rules that govern Russian companies."