Essar

Essar Group to pay additional Rs 75.48 per share to ex-EOL shareholders

Essar Group to pay additional Rs 75.48 per share to ex-EOL shareholders

The Essar Group on Tuesday said it will pay an additional Rs 75.48 per share to Essar Oil's ex-shareholders, who tendered their shares at the open offer in the run-up to the delisting of the company that was sold to the Russian giant Rosneft yesterday for USD 12.9 billion.

Aug 22, 2017, 15:14 PM IST
Essar Oil completes sale of India assets to Rosneft for  $12.9 billion

Essar Oil completes sale of India assets to Rosneft for $12.9 billion

The Ruias-run Essar Oil on Monday announced the completion of sale of its India assets to the Russian government controlled Rosneft-led consortium for USD 12.9 billion.

Aug 21, 2017, 12:07 PM IST
Essar Group seeks Rs 4,000 crore refund from I-T dept

Essar Group seeks Rs 4,000 crore refund from I-T dept

Ruias-owned Essar Group is seeking a refund of Rs 4,000 crore capital gains tax deducted six years ago when it sold stake in telecom venture to Vodafone Plc of the UK.

Apr 30, 2017, 11:50 AM IST
Oil wars: Know how Kremlin's $13 billion Indian deal almost fell apart

Oil wars: Know how Kremlin's $13 billion Indian deal almost fell apart

A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.

Nov 16, 2016, 09:01 AM IST

Exclusive Conversation with Prashant Ruia, Group Director of Essar after deal with Rosneft

Exclusive Conversation with Prashant Ruia, Group Director of Essar after deal with Rosneft. Watch complete news story of for getting detailed updates!

Oct 17, 2016, 15:32 PM IST
HC refuses to interfere in Essar phone tapping matter

HC refuses to interfere in Essar phone tapping matter

The Delhi High Court on Tuesday refused to direct a court-monitored probe by an SIT into the allegation that corporate major Essar tapped phones of high- profile people and some union ministers, saying the Centre has already asked the Delhi Police to investigate the matter.

Jul 19, 2016, 15:07 PM IST
Ruias plan to sell another 25% stake in Essar Oil

Ruias plan to sell another 25% stake in Essar Oil

After stitching a deal to sell 49 percent stake in Essar Oil to Russia's Rosneft, the Ruia family is looking at selling another 25 percent stake in the company to an oil trader or a strategic investor like Saudi Aramco.

Jun 30, 2016, 14:08 PM IST