Company Overview of Essar Global Holdings Limited
Essar Global Holdings Limited, through its subsidiaries, operates in steel, oil and gas, power, infrastructure, shipping, business process outsourcing (BPO), telecom, and real estate businesses. It produces steel products, such as pipes and plates for automotive, white goods, construction, engineering, and shipbuilding sectors. The company also provides cold rolling, galvanizing, and pre-coated services; and operates iron ore and coal mines. Additionally, it explores, produces, refines, and markets oil and gas including LPG, naphtha, light diesel oil, aviation turbine fuel, and kerosene. The company operates oil retail outlets. Furthermore, it offers power generation services. The company’s ...
11, Keshavrao Khadye Marg
Founded in 1969
Key Executives for Essar Global Holdings Limited
Managing Director, Group Chief Executive Officer and Director
Managing Director of Essar Steel India and Chief Executive Officer of Essar Steel India
Managing Director of Essar Oil Ltd. and Chief Executive Officer of Essar Oil Ltd
Chief Executive Officer of Telecom Business Group and Director
Compensation as of Fiscal Year 2015.
Essar Global Holdings Limited Key Developments
Talks Between Rosneft And Essar Hit A Bump
Jun 18 15
The talks between Open Joint Stock Company Rosneft Oil Company (LSE:ROSN) and Essar Global Holdings Limited to acquire 50% minus one share in Essar Oil Ltd. (BSE:500134) have slowed over valuation, according to sources. "Rosneft is valuing the refinery at below $6 billion. After deducting the $1 billion loan extended by VTB, Essar would be getting less than $2 billion," sources said. Essar wanted a higher price, according to sources. Essar founders own 90.5% of Essar Oil, out of which 65.6% is in the form of overseas depository shares. Under the terms of the deal, if finalised, Rosneft will buy the bulk of those depository receipts and some of the founders' India traded shares - in part to avoid a mandatory takeover offer - but keeping total ownership to just below 50% in Essar Oil, according to sources. The complex structure of a likely deal was also complicating discussions, sources added. Rosneft and Prashant Ruia, Chief Executive Officer of Essar, declined to comment to Business Standard.
Adani Reportedly In Talks To Acquire Essar Power Transmission
Jun 17 15
Adani Enterprises Limited (BSE:512599) is in talks to acquire Essar Power Transmission Company Limited from Essar Global Holdings Limited, according to ET Now. The sale is expected to be valued at around INR 1.8 billion, ET Now reported. The deal is expected to be completed by September-December and will require regulatory approval to transfer licence from Essar to Adani. It will also require approval of lenders, including REC and PFC, according to ET Now.
Rosneft May Buy 49% Stake In Essar's Gujarat Refinery
Jun 16 15
Essar Global Holdings Limited is said to be close to stitching up to sell a substantial minority stake in its 20-million tonne refinery at Vadinar in Gujarat to Open Joint Stock Company Rosneft Oil Company (LSE:ROSN). But an Essar spokesperson described the development as speculation. "It is not our policy to comment on market speculations. The company has already informed the stock exchanges last week stating that there is no event or development which is required to be submitted to the stock exchanges as per the listing agreement," the spokesperson said.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|