Deals
Billionaire Ruias Said to Weigh Delisting Units: Corporate India
This article is for subscribers only.
India’s Essar Group, controlled by billionaire brothers Shashikant and Ravikant Ruia, is considering delisting all its publicly traded units and plans to sell some assets, people with knowledge of the matter said.
The group plans to take Essar Ports Ltd., Essar Shipping Ltd. and Essar Oil Ltd. private over the next couple of years, the people said, asking not to be identified as the deliberations are confidential. The Ruias are already in the process of delisting Essar Energy Plc from the London Stock Exchange.