Essar to be debt-free after monetising assets: Ruias
The Times of India|November 22, 2022
Essar Group will soon become debt-free, a step that will allow the enterprise to invest in its remaining businesses at home and overseas. The group, built by brothers Shashi and Ravi Ruia, has monetised several assets to pare its financial liabilities.
Essar to be debt-free after monetising assets: Ruias

Mumbai: 

On Monday, it said that it has concluded the over $2billion sale of three infrastructure assets (two ports and a power plant) to ArcelorMittal Nippon Steel India (AM/NS). The development will make Essar Group debt-free from Indian banks and financial institutions, said Prashant Ruia, its director and son of Shashi Ruia.

Denne historien er fra November 22, 2022-utgaven av The Times of India.

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Denne historien er fra November 22, 2022-utgaven av The Times of India.

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