The International Resource Journal: Essar considers landmark Indian overseas listing on LSE

Essar considers landmark Indian overseas listing on LSE
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admin on 09 March, 2010 07:16:00
 
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.