Corporate Grapevine

Published: Aug 31, 2022
Updated: Aug 31, 2022

Russia-Ukraine war takes ‘Energy’ out of Nayara

Nayara Energy, owned by Russian energy giant Rosneft, is in deep trouble, with insurance companies unable to provide it cover and the company unable to buy crude from international sources other than Russian crude.

The company, earlier known as Essar Oil, is up for sale again and all its investors are looking to exit. Apart from Rosneft, Singapore-based trading firm Trafigura owns a 26 per cent stake and is looking to exit. The question is: Who will go fishing for Nayara — Ambani or Adani?

February 15, 2025 - First Issue

Industry Review

VOL XVI - 10
February 01-15, 2025

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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