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VTB GROUP
Russia’s second largest bank launches direct payments in rupeesRussian SME clients can now make transfers without double conversion, which simplifies the work on foreign trade contracts with India. The ...- VTB decides to sell pledged shares of Zee promotersVTB has roped in two global advisors, JP Morgan and Citi, for the planned share sale.
- 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.
- 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.
- 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
- India likely to pay for Russian arms in euros to beat US sanctionsRussia's VTB bank agrees to receive money in euros; over $4 b to be paid this year for S-400, frigates.
- Russia’s VTB set to make solo bid for Essar SteelSupreme Court had ordered that VTB cannot be barred from the auction process because of US sanctions.
- Russia's VTB Group continues to be interested in Essar SteelTo become eligible, they have to clear loans defaulted by their associate firms.
- VTB intent on investing in Essar Steel, says head of the Russian financial groupMr Kostin, the head of VTB Group, is part of a Russian business delegation accompanying President Putin during his ongoing visit to India.
- IT secretary Sawhney to be acting telecom secretary with Sundararajan on leaveSawhney, who is a 1984 batch IAS officer of Andhra Pradesh Cadre, has been the MeitY secretary since June last year.
- Essar Steel's $6 billion sale is said to face delayA committee of Essar Steel creditors, originally slated to convene earlier this week, has postponed a meeting to discuss the offers, accord...
- Essar Steel creditors' panel meeting with IRP deferredThe IRP and the CoC could not decide on the eligibility of the bidders who have submitted resolution plans for Essar Steel, a person in the...
- Ravi Ruia’s son to lead $6 billion all-cash offer for family steelBids for Essar Steel will open next week. Tata Steel is seen weighing options, while Anil Agarwal-led Vedanta may table an offer.
- 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...
- Essar Group, Tatas, ArcelorMittal eye Essar Steel"Essar Group has submitted EoI for Essar Steel. A resolution plan will be submitted to IRP within the scheduled time frame," an Essar Group...
- 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...
- 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...
- 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.
- Essar plans to raise $250 million from Russian bank to buy out minority shareholdersThe plan is to raise around $250 million of fresh loans for Essar Energy Holdings to successfully complete the share buy back programme sai...
- Ruias may swing billion dollar cheque from VTBThe Russian bank may fund Essar Global to buy back shares from Essar Energy's minority investors; convert bonds and offers to takeout its e...
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