Essar Group

Essar plans to consolidate its Africa ops
Financial Express (India), The | 5 days 10 hours 11 minutes ago
The Essar Group on Sunday announced that it would pick up stake in the Uganda and Congo operations of the Abu Dhabi-based Dhabi Group. The enterprise valuation of the Uganda and Congo operations is valued at $318 million. With this announcement Essar would now have footprint in three African countries.

Essar picks up majority stake in Warid Telecom
Financial Express (India), The | 5 days 20 hours 20 minutes ago
New Delhi : Ruias-owned Essar group announced acquisition of majority stake in Dhabi Group's Warid Telecom operation in Uganda and Congo, a move that would further strengthen Indian firms' presence in South Africa.

Essar arm NCDs raise Rs 4,280 cr
Financial Express (India), The | 29 days 13 hours 45 minutes ago
ETHL Communications Holdings Ltd, a unit of the $15-billion Essar Group, on Thursday said it had completed raising Rs 4,280 crore by issuing rated, listed, zero-coupon, non-convertible debentures (NCDs) through private placement. The diversified Essar Group, which has a presence in steel, energy, power, communications and shipping, is expected to use the funds for expansion and acquisitions abroad.

Essar Oil in talks till month-end to buy Shells refineries
Financial Express (India), The | 17 days 20 hours 53 minutes ago
Essar Oil today said it has time till month end to conclude talks for acquisition of Royal Dutch Shells three refineries in Europe.

Shell in talks to by 10 pct of Essar Oil-report
Reuters | 5 hours 15 minutes ago
MUMBAI, Nov 21 (Reuters) - Royal Dutch Shell (RDSa.L) is in talks to buy 10 percent of India's Essar Oil (ESRO.BO) as part of a deal where it would sell three European refineries to the Indian firm, the Economic Times reported on Saturday, citing people with knowledge of the plans.

Essar Power, Hindalco may set up coal mining JV in MP
Financial Express (India), The | 18 days 4 hours 59 minutes ago
A grand alliance of sorts is in the making between Aditya Birla Group company Hindalco and Essar Power in the development of the Mahan captive coal mine in Madhya Pradesh. In fact, the proposal for the formation of a joint venture has been mooted by the union coal ministry.

Essar to Buy Stake in Dhabi Group's Africa Telecom Assets
Wall Street Journal, The | 5 days 5 hours 14 minutes ago
BANGALORE -- India's Essar Group has agreed to buy a majority stake in the United Arab Emirates-based Dhabi Group's telecommunications assets in Uganda and the Republic of Congo, the two companies said in a joint statement Sunday.

Essar to buy stake in Dhabi Group's African telecom assets
Total Telecom Magazine (U.K.) | 5 days 2 hours 13 minutes ago
Indian group expands footprint in Africa through Uganda, Republic of Congo deal.

BUSINESS NOVEMBER 16, 2009, 1:05 A.M. ET Essar to Buy Stake in Dhabi Group's Africa Telecom Assets
Barron's (subscription required) | 5 days 6 hours 3 minutes ago
BANGALORE -- India's Essar Group has agreed to buy a majority stake in the United Arab Emirates-based Dhabi Group's telecommunications assets in Uganda and the Republic of Congo, the two companies said in a joint statement Sunday.

India's Essar to buy Dhabi Group's Africa telco assets
Reuters | 5 days 19 hours 15 minutes ago
NEW DELHI, Nov 15 (Reuters) - India's Essar Group has agreed to buy a majority stake in Dhabi Group's telecommunication businesses in African nations Uganda and Congo, the Indian energy-to-steel conglomerate said in a statement on Sunday.

Vodafone gets 2bn tax bill after Indian takeover
Times (London), The | 1 day 1 hour 6 minutes ago
The British mobile giant will fight a tax claim issued after its $11.1bn takeover of Hutchison Essar

2nd UPDATE: Shell, Essar In Exclusive Talks On Refinery Sales
Wall Street Journal, The | 21 days 20 hours ago
(Adds Essar comment.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Royal Dutch Shell PLC (RDSB) is in talks with Indian industrial conglomerate Essar Group and no other company about its plans to sell two refineries in Germany and one in the U.K., a company spokesman said Friday.

Essar Considers Selling Stakes in Oil, Shipping Units in Global Expansion
Bloomberg | 44 days 5 hours 24 minutes ago
Oct. 8 (Bloomberg) -- Essar Group, which runs India's second-largest private refiner, may sell stakes in its oil and shipping units as part of a global expansion plan, said Prashant Ruia, the group's chief executive officer.

Essar completes buyout of Shree Precoated
Financial Express (India), The | 9 days 5 hours 44 minutes ago
Ruias-promoted Essar Steel today said it has completed the acquisition of steel assets of Shree Precoated Steels of the Ajmera Group, at a consideration of about Rs 1,200 crore.