Essel Corporate LLP plans to acquire 11 million shares, or 1.15 per cent stake, of Zee Entertainment Enterprises (ZEEL) from another promoter group entity at an estimated price of over Rs 6.1 billion. Essel Corporate...
Tata Power, Actis in fray to buy Essel’s solar power plants
Tata Power Ltd and Actis LLP are in separate talks to buy the solar power business of Subhash Chandra’s Essel Infraprojects Ltd, two people aware of the development said. The interest from the Indian power producer and...
CLP India eyes Essel Infraprojects’s power transmission business
CLP India Pvt. Ltd, one of the largest foreign investors in the Indian power sector, is interested in acquiring Essel Infraprojects Ltd’s power transmission business at a potential valuation of around $1 billion. This...
Demerger of EPC & Vessel Division of HAL Offshore Ltd into Seamec Ltd for whom?
HAL Offshore Ltd (HAL) is an unlisted public company, part of Delhi based MM group and a leading ‘End to End’ solution provider of underwater services and EPC services to the Indian Oil and Gas Industry catering...
Greenko Group, Hero Future Energies eye Essel Infraprojects’ solar business
Greenko Group and Hero Future Energies Pvt. Ltd are separately looking to acquire Subhash Chandra’s Essel Infraprojects’ solar business, according to two people aware of the development. “The Essel solar deal may rank...
Greenko eyes Essel Infraprojects’ power transmission business for $1 billion
Renewable energy company Greenko Group is in talks with Essel Infraprojects Ltd to acquire its power transmission business for an estimated $1 billion, two people aware of the development said. Subhash Chandra’s Essel...
Essel Finance acquires Bimadirect operator for Rs 25-30 crore
Subhash Chandra-owned Essel Finance Management has acquired online insurance agent Coretree Insurance, which operates Bimadirect. Top executives at the companies didn’t reveal the deal value, but an industry expert...
Essel Group may raise $1 billion to refinance offshore debt
Essel Group, the conglomerate with business interests in media, packaging and infrastructure, is looking to raise up to $1 billion by issuing dollar-denominated bonds, said two people aware of the development. The funds...
Panamax acquisition to increase ESL’s fleet strength to 14 vessels
Having acquired a Panamax vessel of 74,005 deadweight tonnage (DWT), Essar Shipping Limited (ESL) has taken its total fleet size to fourteen. Essar Shipping’s fleet now includes very large crude carriers (VLCCs)...
AION Capital Partners picks up majority stake in Essel-Shyam Group’s PlanetCast
AION Capital Partners would buy a majority stake in PlanetCast Media Services, run among others by the Essel-Shyam Group, providing evidence of satellite broadcasting’s increasing appeal in the world’s second most...
Essel Infraprojects to invest Rs 5,700 cr in Jhakhand
Essel Infraprojects Ltd (EIL) on Thursday said it has committed an investment of Rs 5,700 crore for development and enhancement of infrastructure in Jharkhand. The announcement was made at the Momentum Jharkhand...
Petronet buys 26 percent stake in LNG vessel for Rs 100 crore
Petronet LNG LtdBSE -0.88 %, India’s largest liquefied natural gas importer, has bought a 26 percent stake in the shipping consortium that built its biggest LNG ship to transport gas form from Australia. Petronet...