Essars minority investors wont gain from deal: Capital Mind

Speaking to CNBC-TV18 Deepak Shenoy of Capitalmind.in said that Essar-Rosneft deal won’t benefit any group companies of Essar, nor would the minority shareholders gain from it. There is also a lot of fresh equity to be issued to accommodate this transaction, he said.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Oct 17, 2016, 10.15 AM | Source: CNBC-TV18

Essar's minority investors won't gain from deal: Capital Mind

Speaking to CNBC-TV18 Deepak Shenoy of Capitalmind.in said that Essar-Rosneft deal won’t benefit any group companies of Essar, nor would the minority shareholders gain from it. There is also a lot of fresh equity to be issued to accommodate this transaction, he said.

Like this story, share it with millions of investors on M3

Essars minority investors wont gain from deal: Capital Mind

Speaking to CNBC-TV18 Deepak Shenoy of Capitalmind.in said that Essar-Rosneft deal won’t benefit any group companies of Essar, nor would the minority shareholders gain from it. There is also a lot of fresh equity to be issued to accommodate this transaction, he said.

Post Your Comments

Share Cancel

Deepak Shenoy (more)

Chief Editor, Capital Mind |

Speaking to CNBC-TV18 Deepak Shenoy of Capitalmind.in said that Essar-Rosneft deal won’t benefit any group companies of Essar, nor would the minority shareholders gain from it. There is also a lot of fresh equity to be issued to accommodate this transaction, he said.

On Saturday, Russian giant Rosneft announced it will be buying Essar's India refining business unde Essar Oil and a port in Gujarat’s Vadniar for a valuation of USD 13 billion, including assumption of debt.

Promoters will likely get a higher payout; it is a way for them not to pay the minority shareholders, Shenoy said.

Watch video for more...

Buy, Hold, Sell ? Hear it first on M3
Essars minority investors wont gain from deal: Capital Mind

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login