Corporate Grapevine     

Published: Nov 30, 2022
Updated: Nov 30, 2022

Aspiring Ruias, perspiring banks!

The Ruias of the Essar group are getting ready for their second innings by investing in energy transition and investments in hydrogen. In the past, the Ruias made immense money by selling their stakes in Vodafone Essar and Essar Oil. Sadly, the minority shareholders of Essar and its lenders never saw returns on their investments in the Essar group companies.

The Ruias are again approaching the banks to fund their business ventures, but looking at their past record, none of the banks wants to give a single penny. A case of once bitten, twice shy perhaps.

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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