Essar to further cut down debt by 70 pc in last leg of deleveraging exercise

The Ruia family-owned Essar Group has embarked on the final leg of its deleveraging exercise with plans to cut down its residual debt by 70 per cent to about Rs 12,000 crore as it looks to rebuild the conglomerate post-oil and steel business selloffs.

from Energy-Industry-Economic Times https://ift.tt/2TV42f3