Essar Oil has declared that it is going to increase $2,000 million by several routes.
The tools that will be taken for fund increasing comprise American depository receipts, global depository receipts, equity shares, convertible debentures and foreign currency convertible bonds, which will be generated by way of public or private offering in indian / global market(s) or QIP in one or more tranches.
The projected decision has been sanctioned by the company’s members.
Essar Oil is the energy division of varied business corporation, Essar Group that has existence in segments such as power, communications, steel, energy, construction and shipping ports & logistics.