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ESSAR DEBT
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- SBI-led banks seek bids for Essar Group promoter guaranteesThe reserve price for the bids, with a June 17 deadline, is Rs 200 crore, showed a document on the website of the process advisor, BoB Capi...
- Lenders nominate a resolution professional to administer under stress Essar's Mahan projectThe lenders that include ICICI Bank and Punjab National Bank have picked Jet Airways' current administrator Ashish Chhawchharia to manage t...
- Promoters offered to pay Rs 54,389 crore: NCLT dismisses Ruias' proposal to settle Essar debtThe Essar group hinted at challenging the verdict, citing the last week's Supreme Court order on IBC.
- Non-steel repayments may soften bankers on Essar bidICICI Bank, Axis Bank, and Standard Chartered Bank, which had lent to Essar Global to fund expansion of the group’s businesses, have now be...
- Essar Global repays all debt to Indian and foreign lendersIn the last two years the group has returned more than Rs 1,37,000 crore of borrowings, mostly to the Indian banking system.
- Essar closes Rs 2000-crore Aegis sale; retires Rs 75,000 crore debtThe net proceeds from the sale will be used by the group, led by the Ruia brothers, to retire debt owed to various financial institutions.
- Ruias shave off 67 per cent of Rs 1.05 trillion group debt with EOL saleEssar Group founder Shashi Ruia said this landmark transaction and the resultant debt reduction usher in a new phase of growth across the g...
- CCI approves sale of Essar's BPO AegisEssar, which entered the BPO business in 2004 with the US-based Aegis Communications Group, had said last month, "the net proceeds of this ...
- Why Essar-Rosneft deal may not be a template for India Inc's balance sheet woesEssar has stressed that it specialises in selling assets for the best value and talks about its 33 per cent stake in Vodafone that was sold...
- Sale of Essar Oil significant for Indian banking system: KotakAccording to the report, Indian banks have large exposure to Essar Group and following this deal their exposure may reduce significantly.
- Essar not exiting oil & gas business: Prashant RuiaEssar signed agreements on Saturday to sell 49 per cent in the 20 million tons a year Vadinar refinery in Gujarat, the adjacent port and ov...
- Essar Steel Minnesota hires debt restructuring advisers: SourcesEssar Steel has hired financial and legal advisers to help it restructure its debt, according to people familiar with the matter.
- Essar Steel raises $1 billion to dollarise balance sheetEssar Steel raised $1 billion through long term export securitisation to pre-pay existing rupee debt, as it looks to cut down on interest p...
- Essar Ports refinances Rs 405 crore debt in Essar Bulk TerminalRuia family-promoted Essar Ports has refinanced a debt of Rs 405 crore in Essar Bulk Terminal, a dry bulk port and terminal in Hazira in Gu...
- Essar Ports refinances subsidiary Essar Bulk Terminal's Rs 405-crore loanEssar Ports said it has refinanced Rs 405 cr loan in its subsidiary Essar Bulk Terminal Ltd through India Infrastructure Finance Co.
- Loop Telecom to get showcause notice for violating normsIt also lists the different companies as well as the financial transactions between Essar Group and Loop Telecom to substantiate its findin...
- Essar Oil raises $115 mn via FCCB issueEssar Oil today said that it has procured $115 million of the proposed $300 million it had planned to raise through the issue of bonds to p...
- Essar ties up funds for power projectEssar Power, the utility arm of the Essar group, on Thursday said it has tied up the debt required for the Rs 4,860 crore, 1200 megawatt th...
- Essar Steel comes out of CDR debtEssar Steel, a flagship of Ruias Essar Group, on Friday announced that entire debt of Rs 2,800 crore under the corporate debt restructuring...
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