Dec 06, 2013 at 13:21 | Source: CNBC-TV18
Speaking to CNBC-TV18, Lalit Kumar Gupta, chief executive officer, Essar Oil, says the FCCBs will be converted at an average price of Rs 130 and Rs 153 in two different tranches.
Dec 06, 2013 at 10:01 | Source: CNBC-TV18
Here's how small cap stocks opened on December 6.
Dec 04, 2013 at 21:14 | Source: PTI
Essar Oil said it will allot 3.88 crore equity shares at Rs 138 per share on conversion of 1,150 foreign currency convertible bonds (FCCBs) of USD 100,000 each aggregating to USD 115 million which were issued on June 15, 2010 to Essar Energy Holdings.
Dec 04, 2013 at 15:14 | Source: Moneycontrol.com
Essar Oil received notice from promoter group, Essar Energy Holdings, holder of FCCBs aggregating to USD 262 million seeking conversion of the FCCBs in to equity shares. The company will be holding a meeting of committee of directors shortly to allot shares on conversion of FCCBs.
Dec 03, 2013 at 19:47 | Source: PTI
The British telecom major is facing a tax liability of over Rs. 11,200 crore, along with interest, on its 2007 acquisition of Honk Kong-based Hutchison Whampoas stake in Indias telecom major, Hutchison Essar.
Nov 29, 2013 at 16:54 | Source: CNBC-TV18
British telecom major Vodafone had acquired Honk Kong-based Hutchison Whampoas stake in Indian telecom major, Hutchison Essar (famously known as Hutch) in 2007. The Rs 11,200 crore tax liability issue is based on this acquisition.
Nov 27, 2013 at 12:46 | Source: Forbes India
The intense scrutiny on his dual life hasn't deterred politician-cum-industrialist Naveen Jindal. He is firm on his eventual goal: To become a full-time public servant. But, first, he has to fix his company.
Nov 26, 2013 at 19:14 | Source: PTI
According to sources, Vodafone and the government have concluded the pre-conciliation talks towards the settlement of long-pending tax dispute. While Vodafone had selected its senior official Mathew Kirk for the pre-conciliation talks, the government was represented by law Secretary P K Malhotra.
Nov 25, 2013 at 22:19 | Source: CNBC-TV18
The company's focus will primarily remain on improving margins and cash flow through asset optimisation and refinancing.
Nov 20, 2013 at 15:08 | Source: Reuters
Essar will shut a 360,000 bpd crude distillation unit and a hydrogen making unit as part of the shutdown. It is operating its delayed coker unit at a low capacity, the sources said.