Latest News on Essar
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Essar - Total results - 303
Dec 01, 2017
Anil Ambani group to file defamation suit against Abhishek Singhvi for saying Reliance, Adani, Essar owe Rs 3 lakh cr to banksReliance Group spokesman said it will be filing a Rs 5,000-crore defamation suit for damages against Abhishek Singhvi for making false statements
Nov 29, 2017
Number of petrol pumps in India at 60,799, up 45% in 6 years; only 9% owned by privateWith 60,799 outlets dispensing petrol and diesel at the end of October, India is behind only US and China in number of petrol pumps, data available from Petroleum Planning & Analysis Cell of the Oil Ministry.
Nov 27, 2017
Essar group closes Rs 2000-cr Aegis sale; retires Rs 75,000 cr debtEssar group has been selling off assets to pare its high debt, which has seen it exiting the oil business and also sell realty holdings, apart from Aegis, the BPO arm
Nov 24, 2017
New bankruptcy code provisions to deepen losses for banks, says Kotak Securities report"Promoters of most large steel companies were quite intent to regain control and did appear to offer the most competitive bid during the resolution process but are barred from doing so now," domestic brokerage Kotak Securities said
Nov 23, 2017
Insolvency ordinance: Essar Steel, Bhushan Steel, Lanco Infra say not 'wilful defaulters'The ordinance that comes as a blow to defaulting promoters seeking to reclaim their firms that are under insolvency proceedings, aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of the IBC
Nov 23, 2017
Insolvency code ordinance: Life just got tougher for loan cheats, but there’s a long fight aheadThe promulgation of ordinance can curtail promoter interference to a great extent when banks deal with troubled assets
Nov 06, 2017
Paradise Papers: Sebi lens on firms for fund diversion, corporate governance lapsesSebi will coordinate with other regulators and govt agencies, while information would be sought from foreign regulators if required
Aug 22, 2017
Essar to pay additional Rs 880 cr or Rs 75.48 per share to minority shareholders of EOLMinority shareholders of Essar Oil will get Rs 75.48 per share in addition to Rs 262.80 per share they had got on delisting
Aug 21, 2017
Essar Oil completes sale of India assets to Rosneft-led consortium for $12.9 bnEssar Oil on Monday announced the closure of the company's sale, including its Vadinar refinery, to Russian state-run Rosneft-led consortium for $12.9 billion.
Jul 19, 2017
Insolvency proceeding: NCLT allows Essar Steel to file objections to SBI, Standard Chartered pleasThe State Bank of India (SBI), which leads the joint lenders forum, and the Standard Chartered Bank have sought initiating insolvency proceedings against Essar Steel under the Insolvency and Bankruptcy Code (IBC).