Essar Energy, a part of the Indian conglomerate Essar Group, is planning to come up with an Initial Public Offering (IPO) in London. The Company plans to raise $2.5 Billion through the IPO, which is largest ever overseas IPO by an Indian Business concern
The IPO would constitute a 20-25% dilution with Essar Group continuing to hold a minimum of 75% Equity of Essar Energy after the completion of the IPO. The Essar Group is controlled by Shashi and Ravi Ruia. The Essar Group, is a multinational conglomerate in the sectors of Steel, Energy, Power, Communications, Shipping Ports & Logistics
Sunday, April 11, 2010
Essar Energy to come up with $2.5 billion IPO in London
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# IPO News
# IPO Updates
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