Essar Debt
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Essar Group Says It Is Debt-Free After Repaying $25 Billion
Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said today.
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Essar UK In Talks To Extend Tax Repayment Deadline
Essar Oil UK is in talks with United Kingdom authorities over extending a January deadline to repay hundreds of millions of pounds in deferred taxes
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ArcelorMittal Forms Joint Venture With Nippon Steel To Run Essar Steel
Essar Steel, which had debts of nearly Rs 50,000 crore, was among twelve large steel and infrastructure companies that were referred to bankruptcy court in 2017.
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Essar Steel Operational Creditors To Challenge New Amendments In Insolvency Law
Essar Steel was auctioned under the new IBC to recover Rs 54,547 crore of unpaid dues of financial lenders and operational creditors.
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Supreme Court Stays Essar Steel Sale To ArcelorMittal
Essar Steel is under a debt of Rs 30,030 crore to financial creditors and Rs 11,969 crore to operational creditors
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SBI Moves To Invoke Essar Steel Promoters' Personal Guarantees Of Rs 15,000 Crore
The SBI sought the attachment of global assets of Ruias to recover its balance Essar Steel dues, through debt recovery proceedings at the DRT.
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Bankruptcy Court Clears ArcelorMittal's Takeover Of Essar Steel
ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel by itself and Japan's Nippon Steel & Sumitomo Metal Corp, paving the way for the first major foreign participation in India's steel sector.
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Madam, Don't Send Us to Insolvency Court, India Firms Tell Bank
Lenders lost out on 4,000 crore rupees in additional income due to delays in the resolution process beyond the time mandated by law, according to rating company ICRA.
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Essar Steel Proposes Rs 54,389 Crore Settlement To Creditors
Essar Steel is among a dozen of the country's biggest debt defaulters that were pushed into the bankruptcy court last year after a central bank order that was aimed at clearing record bad loans at the country's banks.
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SBI Chief Says Essar-Rosneft Deal To Close In June
Russian state oil firm Rosneft has struggled to close the acquisition because of debts owed by Essar to several Indian banks.
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ICICI, Axis, StanChart Get Back $2.5 Billion Of Essar Loans
Within days of Essar Group signing a mega $12.9-billion asset sale in its oil business, three top lenders -- ICICI Bank, Axis Bank and StanChart -- have got back an estimated $2.5 billion as part of the first payment for their debt exposure to the Ruias-led conglomerate.
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Essar Said To Prepare $2.1 Billion Standard Chartered Repayment
Essar Global will also pay back about $300 million combined to Indian lenders ICICI Bank Ltd. and Axis Bank Ltd., according to the people, who asked not to be identified as the information is private.
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Why ICICI Bank Shares Surged 7.5% Today
Essar plans to use proceeds from the sale to offset some 50 per cent of the debt on its group companies after the deal is completed.
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Essar Power May Sell Gas-Based Plants In Gujarat To Pare Debt
Burdened by a whopping Rs 20,369 crore debt, private utility Essar Power is looking to sell two of its gas-based plants in Gujarat to reduce debt, a senior company official said.
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Essar Steel Minnesota Hires Debt Restructuring Advisers: Report
The company is in the final stages of building a $1.8 billion iron ore pellet plant in northern Minnesota. Its woes underscore the impact that cheap Chinese imports have had on the price of iron ore and U.S. steel manufacturers.
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Essar Group Says It Is Debt-Free After Repaying $25 Billion
Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said today.
-
Essar UK In Talks To Extend Tax Repayment Deadline
Essar Oil UK is in talks with United Kingdom authorities over extending a January deadline to repay hundreds of millions of pounds in deferred taxes
-
ArcelorMittal Forms Joint Venture With Nippon Steel To Run Essar Steel
Essar Steel, which had debts of nearly Rs 50,000 crore, was among twelve large steel and infrastructure companies that were referred to bankruptcy court in 2017.
-
Essar Steel Operational Creditors To Challenge New Amendments In Insolvency Law
Essar Steel was auctioned under the new IBC to recover Rs 54,547 crore of unpaid dues of financial lenders and operational creditors.
-
Supreme Court Stays Essar Steel Sale To ArcelorMittal
Essar Steel is under a debt of Rs 30,030 crore to financial creditors and Rs 11,969 crore to operational creditors
-
SBI Moves To Invoke Essar Steel Promoters' Personal Guarantees Of Rs 15,000 Crore
The SBI sought the attachment of global assets of Ruias to recover its balance Essar Steel dues, through debt recovery proceedings at the DRT.
-
Bankruptcy Court Clears ArcelorMittal's Takeover Of Essar Steel
ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel by itself and Japan's Nippon Steel & Sumitomo Metal Corp, paving the way for the first major foreign participation in India's steel sector.
-
Madam, Don't Send Us to Insolvency Court, India Firms Tell Bank
Lenders lost out on 4,000 crore rupees in additional income due to delays in the resolution process beyond the time mandated by law, according to rating company ICRA.
-
Essar Steel Proposes Rs 54,389 Crore Settlement To Creditors
Essar Steel is among a dozen of the country's biggest debt defaulters that were pushed into the bankruptcy court last year after a central bank order that was aimed at clearing record bad loans at the country's banks.
-
SBI Chief Says Essar-Rosneft Deal To Close In June
Russian state oil firm Rosneft has struggled to close the acquisition because of debts owed by Essar to several Indian banks.
-
ICICI, Axis, StanChart Get Back $2.5 Billion Of Essar Loans
Within days of Essar Group signing a mega $12.9-billion asset sale in its oil business, three top lenders -- ICICI Bank, Axis Bank and StanChart -- have got back an estimated $2.5 billion as part of the first payment for their debt exposure to the Ruias-led conglomerate.
-
Essar Said To Prepare $2.1 Billion Standard Chartered Repayment
Essar Global will also pay back about $300 million combined to Indian lenders ICICI Bank Ltd. and Axis Bank Ltd., according to the people, who asked not to be identified as the information is private.
-
Why ICICI Bank Shares Surged 7.5% Today
Essar plans to use proceeds from the sale to offset some 50 per cent of the debt on its group companies after the deal is completed.
-
Essar Power May Sell Gas-Based Plants In Gujarat To Pare Debt
Burdened by a whopping Rs 20,369 crore debt, private utility Essar Power is looking to sell two of its gas-based plants in Gujarat to reduce debt, a senior company official said.
-
Essar Steel Minnesota Hires Debt Restructuring Advisers: Report
The company is in the final stages of building a $1.8 billion iron ore pellet plant in northern Minnesota. Its woes underscore the impact that cheap Chinese imports have had on the price of iron ore and U.S. steel manufacturers.
