THE ESSAR SAGA

APRIL 2011

Moves out of telecom by selling remaining 33% equity in Essar Vodafone for $5 billion

JANUARY 2015

Completes exit from telecom sector after sale of Kenyabased yuMobile to Airtel and Safaricom for $120 million

APRIL 2017

Essar Global sells US-based Aegis to Capital Square Partners, a Singapore-based private equity fund

AUGUST 2, 2017

NCLT clears Essar Steel for insolvency resolution process after accumulation of around ~40,000- crore debt

AUGUST 21, 2017

Essar announces closure of $12.9-billion deal for sale of its 20 mt refinery, retail outlets, 1,010 Mw power plant, Vadinar port to Rosneft-led consortium