Essar considers landmark Indian overseas listing on LSE

IRJ Mar 9 - Essar, the steel-telecoms major player, of India, has announced plans to debut its oil and energy arms on the London Stock Exchange and in doing so is set to raise up to US$3 billion. Doing so would mark the largest overseas listing by an Indian company if the decision is passed in the coming weeks.

Banks advising on this potential move are Deutsche Bank and JP Morgan.

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