Over the past two years, Essar Group has repaid more than 1.37 trillion debt, mostly to Indian banks. Essar Steel India, which alone has a debt of 45,000 crore, is under the Insolvency and Bankruptcy Code
3 min read8 Jan 2019In 2016, Essar had announced it would sell the property to Bengaluru based-realty firm RMZ Corp., but the deal fell through
1 min read24 Apr 2018The Brookfield deal is expected to close this month for around Rs2,400 crore which Essar would utilise to repay loans
1 min read9 Jan 2018In other news, Brookfield to buy Essar's equinox office complex for Rs2,450 crore
2 min read9 Jan 2018The talks come after Essar Group's Rs2,400-crore deal with RMZ Corp. to buy the Equinox Business Park fell through last month
2 min read13 Dec 2017Equinox Business Park is a 1.25 million sq. ft office space in Mumbai's Bandra-Kurla Complex
1 min read3 Feb 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared