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Reuters
New Delhi, May 11, 2017
Russia's largest oil producer Rosneft expects to complete the acquisition of Indian refiner Essar Oil by the end of June, Rosneft's chief financial officer Pavel Fedorov said on Wednesday.
Reuters
October 17, 2016
The $12.9 billion sale of Essar Oil to a group led by Russia's Rosneft does not run foul of US sanctions imposed against the majority state-owned Russian energy firm, parent Essar Group's CEO said on Sunday. The sale was signed on Saturday. It is the biggest foreign acquisition ever in India and Russia's largest outbound deal.
PTI
Panaji, October 15, 2016
Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps, while Netherlands-based Trafigura Group Pte, one of the world's biggest commodity trading companies, and Russian investment fund United Capital Partners split another 49 per cent equity equally.
Reuters
October 14, 2016
Rosneft will get a 49 per cent stake in Essar and the two investors-European trader Trafigura and a Russian fund UCP-will hold another 49 per cent in equal parts, the sources said, adding that the valuation included about $4.5 billion in assumed debt.
PTI
New Delhi, June 23, 2014
After de-listing Essar Energy plc from London Stock Exchange (LSE), the Ruia-brothers controlled Essar Group on June 20 had announced their intention to de-list Essar Oil from Indian bourses.
PTI
New Delhi, June 21, 2014
After delisting Essar Energy plc from London Stock Exchange (LSE), the Ruia-brothers controlled Essar Group will de-list Essar Oil from Indian bourses.
Reuters
March 15, 2014
India's billionaire Ruia family stuck to the 70 pence per share it indicated earlier for buying out the minorities in its London-listed Essar Energy Plc, an offer slammed again by the company's independent committee.
Aditi Khanna
London, February 24, 2014
The Ruias, whose Essar Global group owns 78 per cent of the shares in Essar Energy, had proposed on February 17 buying up the remainder stake.
PTI
New York, October 29, 2013
With a networth of $21 billion, Mukesh Ambani has retained his title as India's wealthiest for sixth year in a row, while the country's 100 richest persons saw their collective wealth soar by a modest 3 per cent in a year.
Shamni Pande, Suman Layak, K.R. Balasubramanyam and Anusha Subramanian
Edition:March 7, 2010
Most of them started from the bottom, and today under the eagle supervision of senior family members, a whole host of inheritors is pulling out all stops to earn their spurs.
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