Life Insurance Corp. of India (LIC) will clear Rosneft PJSC’s $12.9 billion acquisition of Essar Oil only after the Essar group pays at least a part of its dues to the insurer, said four people with direct knowledge of...
Essar Oil sells 98% to Rosneft, Trafigura and UCP
Mumbai/Ahmedabad: Ruia’s promoted Essar Oil on Saturday sealed a deal with Russia’s Rosneft, United Capital Partners and Trafigura Group Pte. to sell 98% in its most priced asset, the 20 million tons per annum Vadinar...
Essar Oil in talks with overseas oil trading firms to sell 23.5% stake
Essar Oil may sell 49% to OAO Rosneft, 23.5% to firms such as Glencore, Trafigura by the end of July or early August. Mumbai: Essar Oil Ltd, India’s second-largest refiner outside government control, is in talks with...
Trafigura in talks to buy minority stake in Essar Oil
Trafigura Group Pte is in talks to acquire a minority stake in Essar Oil Ltd, India’s second-largest private refiner, in a deal that could value the business at about $6.5 billion, people with knowledge of the matter...
Ruias plan to sell another 25% stake in Essar Oil
NEW DELHI: After stitching a deal to sell 49 per cent stake in Essar OilBSE -0.15 % to Russia’s Rosneft, the Ruia family is looking at selling another 25 percent stake in the company to an oil trader or a...