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BT Online
New Delhi, August 21, 2017
The bigget foreign acquisition seen in India came in the form of Essar-Rosneft deal today. Here's what it mean to various stakeholders party to the deal, directly or indirectly.
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.
PTI
New Delhi, October 17, 2016
Essar signed agreements on Saturday to sell 49 per cent in the 20 million tonne a year Vadinar refinery in Gujarat, the adjacent port and over 2,700 petrol pumps to world's largest listed oil company.
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.
BT Online
New Delhi, October 17, 2016
The stock of the ICICI Bank rose as much as 5.74 per cent, Axis Bank added 2.54 per cent, while SBI gained 1.74 per cent on the BSE.
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.
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