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Essar Group Considering Delisting

Mumbai-based Essar Group, controlled by billionaire brothers Shashikant and Ravikant Ruia, is considering delisting all its publicly traded units and plans to sell some assets. The group plans to take  57 more words

Global Glance

Yu quits Kenya – Orange to follow?

India’s Essar Group has quit Kenya with the sale of Yu, its mobile operation in the country, for a reported figure of around USD100m.

The Communications Authority of Kenya (CAK) recently said that it intended to approve applications from Safaricom and Airtel Kenya to acquire Essar’s assets subject to conditions. 480 more words