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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 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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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
Magic circle trio advise as Rosneft-led group buys Essar Oil for $13bn  Legal Week
Indian energy firm to invest $250m in UK's Stanlow oil refinery
The owner of Cheshire's Stanlow oil refinery has announced plans to invest $250m in the site in a bid to boost throughput and increase yields and revenues.
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
Rosneft, Trafigura Finalize $12.9 Billion Deal for Essar Oil
The purchase gives Russia's biggest oil producer and one of the world's largest commodity traders access to a global demand center in Asia, while helping Essar Group reduce its debt by about $11 billion and shift focus to its struggling steel business.
Essar Oil CEO Lalit K Gupta quits as Rosneft rejigs board on $13 billion ...  Economic Times
Rosneft and partners finalise $13bn takeover of India's Essar  Financial Times
Looming Essar sale offers hope for indebted corporate India
A Russian-led group is on the verge of closing the biggest foreign direct investment in India: the $13bn purchase of local conglomerate Essar's oil-refining division. That business is the jewel in the tarnished crown of one of the most indebted ...
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.
India's RBI Said to Order Lenders to Take 12 Debtors to Court  Bloomberg
Essar Power Hazira's 2x135 MW power project touches 100% capacity utilisation
BANGALORE: Essar Power Hazira Ltd, a subsidiary of Essar Power Ltd, today announced that its 2x135 MW power project in Hazira was now operating consistently at close to 100% capacity utilisation.
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.