THE CURRENT SLUMP

Mar 2015:

HDFC Bank classifies its ` 550

crore loan to Essar Steel as NPA and sells it to Edelweiss ARC Bank of India classifies its ` 500 crore exposure as NPA

Nov 2015:

Essar Ports delists and pays out ` 1,400 crore to shareholders Essar Steel Algoma files for bankruptcy protection amid metals slump

Dec 2015:

Federal Bank sells its ` 70 crore loan to Edelweiss ARC

Jun 2016:

ICICI Bank sells ` 1,600 crore Essar Steel loans to Edelweiss ARC Essar Energy sells its 50 per cent stake in Kenyan refinery to the government

Jul 2016:

Essar Steel Minnesota files for Chapter 11 bankruptcy

Sep 2016:

Axis sells ` 2,000 crore of loans to Edelweiss ARC at 50 per cent discount

Oct 2016:

Rosneft, Trafigura and UCP agree to acquire Essar Oil assets at $12.9 billion

Apr 2017:

Essar exits BPO business, selling assets, including in India, to Capital Square Partners for $300 million