Essar Group repays over 80% of its debt
The group has repaid more than ₹1,37,000 crore of loans to global and Indian lenders. Its only continuing lender is now Russia’s VTB Group.
essar group
January 2019
October 2018
February 2018
SC virtually shuts the door on Ruia attempt to get back Essar Steel
The apex court finds Rewant Ruia’s ‘looming presence’ in Numetal and asks the company to clear ₹45,000 crore of debt-owed by Essar Steel’s promoters to be eligible to bid for the steel maker.
Who will buy Essar Steel?
The deadline for submission of financial bids for Essar Steel was more than a week ago. But it is still not clear whether either of the two bidders — ArcelorMittal and Numetal Ltd — will be successful.
