te
Thu, May 11, 2017
Sources said some lenders might be seeking to gain concessions on other debt with Essar units before giving their approval.
More >
Sun, Oct 23, 2016
The 'resolution' process has got a major boost after three top lenders -- ICICI Bank, Axis Bank and StanChart -- got back an estimated $ 2.5 billion last Friday as part of the first payment for their debt exposure to the Ruias-led Essar Group.
Mon, Oct 17, 2016
Essar Group's deal with Russia’s Rosneft on Saturday to sell Essar Oil for Rs 72,800 crore is likely to send a wide grin on face of a few banks.
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."
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.