India’s Essar Oil to be acquired for $12.9bn by Rosneft and Trafigura
In what is the largest FDI deal in Indian history, Russian petroleum giant Rosneft and Dutch-based Trafigura Group have acquired 49% each in India’s Essar Oil Limited at a total sum of INR 72,800 crore ($10.9 billion). Apart from the $10.9 billion deal, an additional INR 13,300 crore ($2 billion) will be paid for the […]