Listing of Essar Energy set to take place this year.
The largest listing of an Indian company in two years is set to take place in the UK this year, as the Essar Group announced plans to file for a $2.5-billion IPO (initial public offering) on the London Stock Exchange.
Full Story: Essar plans $2.5-b IPO on London Stock Exchange - Hindu Business Line
The largest listing of an Indian company in two years is set to take place in the UK this year, as the Essar Group announced plans to file for a $2.5-billion IPO (initial public offering) on the London Stock Exchange.
Manufacturer of Oil Tanks India.
Essar Energy, the holding company of the Essar Group, will offer up to 25 per cent to institutional investors in the UK and beyond, and be considered for the FTSE 100 Index, as it seeks to fund its aggressive expansion plans in India. Assuming Essar raises the $2.5 billion it targets, it will be the largest IPO in London since 2007 when Russian bank VTB raised £3.2 billion.Oil Tanks India manufacturing facility.
Full Story: Essar plans $2.5-b IPO on London Stock Exchange - Hindu Business Line
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