Essar Group is not going to exit oil and gas business: Prashant Ruia
After striking the deal to sell its oil refinery to Russia's Rosneft and partners for USD 12.9 billion, the debt-laden Essar Group has said it is not exiting the oil and gas business and the sale has helped to deleverage half of the Rs 88,000 crore debt at the holding company level.
Oct 17, 2016, 14:43 PM IST
Rosneft-led group acquires Essar Oil in all-cash deal for nearly $13 billion
Russia's state-controlled oil giant Rosneft and its partners today took over India's second biggest private oil firm Essar Oil in an all-cash deal valued for about USD 13 billion.
Oct 15, 2016, 14:46 PM IST