The $5 billion cash that Essar would get from Vodafone may seem a windfall. In reality, the amount will be far less.Using its put option in the telecom Vodafone Essar joint venture as collateral,......
The Central Bureau India (CBI) on Monday alleged before a special court that Essar Group of companies had created a "corporate veil" through a web of firms to "conceal" its actual holding in Loop......
Hutchison Telecommunications India Ltd is unlikely to give the Essar Group an option to match Vodafone's offer in the documentation of the sale of its 67 per cent equity stake in Hutchison-Essar.......
Indian family-run business houses have in recent years seen ugly public spats between owners over control. Image: Shashi Ruia (left) and Ravi Ruia. Photograph: PTI Photo from the Rediff Archives......
Rival bidders Vodafone and Reliance Communications are studying the possibility of taking an indirect route to acquire control of Hutchison Essar to skirt the right of first refusal claimed by the......