VTB Group acquires rights to sell 10.71% stake in ZEEL to recover loanEssel Media Venture had created pledge on 10.71 per cent stake in favour of VTB Capital in 2017.
16 Oct, 2019, 07.39 PM IST
VTB Capital enforces certain securities rights granted to Zee lendersZEE managing director had said that none of ZEE’s shares was pledged to VTB Capital.
15 Oct, 2019, 09.31 AM IST
Zee has been beating market on all metrics, results will show: Punit GoenkaShort-sellers are driving the market. Nobody is valuing the intrinsic value of the asset.
07 Oct, 2019, 12.11 PM IST
Promoters now own just 22% of ZEE, says MDA little over 90% of the promoters’ shareholding has been pledged, directly or indirectly, with domestic and international lender
05 Oct, 2019, 09.20 PM IST
Anil Agarwal indicates he is open to raising bid for Essar SteelThe bid was more than offers made by ArcelorMittal and Russia's VTB Capital-backed NuMetal Ltd in the first round.
19 Oct, 2018, 04.01 PM IST
VTB Capital petitions Supreme Court to bid alone for Essar SteelTo become eligible, Numetal will have to pay all the dues related to its promoter and not just Essar Steel, much like its rival bidder Arce...
13 Oct, 2018, 07.35 AM IST
Lawyers figuring out various bidding options: VTB CapitalBankruptcy laws do not allow promoters of insolvent companies to bid for their assets either directly or through consortium-type structures...
09 Oct, 2018, 08.03 AM IST
NCLAT asks resolution professional, lenders, NCLT to hold order on Essar SteelThe appellate tribunal also admitted the cross petitions filed by Russia's VTB Capital-based NuMetal and Arcelor Mittal, two resolution app...
22 May, 2018, 11.20 PM IST
NuMetal to take control of strategic pipeline of OdishaThe Mauritius-based investment vehicle has snapped a 70 per cent stake in OSPIL, which feeds raw material to Essar's Paradip steel plant.
30 Mar, 2018, 08.46 PM IST
Ruias ready forces for a comeback at Essar SteelThe move will come under fire as the recent IBC amendment aims to stop promoters of such companies from regaining control unless they settl...
16 Jan, 2018, 10.25 AM IST
Wall Street biggies not in top-5 M&A advisersJM Financial, UBS, VTB Capital, Kotak and Arpwood occupied the top five slots in the Bloomberg M&A list by deal value, while Morgan Stanley...
19 Dec, 2016, 11.50 AM IST
Essar stocks fall; group signs pacts with Russian firmsShares of Essar group companies plunged over 7% in intraday trade even as Russian Bank VTB said that it will provide up to $1 billion credi...
12 Dec, 2014, 04.00 PM IST
Russian bank to provide up to $1 bn credit to Essar GroupThe agreement to this effect was signed by Essar co- founder Shashi Ruia and VTB Chairman Andrey Kostin in presence of Prime Minister Naren...
11 Dec, 2014, 07.52 PM IST
Rosneft says reaches preliminary oil supply deal with India's EssarRosneft has reached a preliminary agreement to supply India's Essar Group with 10 million tonnes of oil over a 10-year period.
11 Dec, 2014, 06.39 PM IST
Copper plummets most in 5 weeks on stimulus slowdownCopper for delivery in three months fell 1.7% to $7,123 a metric tonne on the London Metal Exchange.
05 Sep, 2013, 04.00 AM IST
- Copper climbs on hopes China may ease credit curbs
Copper rose in London to the highest price in almost four months on speculation China may ease credit controls as growth slows.
20 Jan, 2012, 05.27 AM IST
- Russian bank VTB to open China branch
Russia's second-largest bank, VTB, said on Tuesday it is preparing to open a branch in Shanghai after becoming the first Russian bank appro...
26 Feb, 2008, 03.05 PM IST