UK’S ESSAR OIL TO RAISE 400-MILLION POUNDS TO EVADE FROM FINANCIAL TROUBLES

Highlights:

• The company Essar Oil is going to raise 400 million pounds for evading the financial troubles
• The lender of UK had ceased acting as main banker of Essar Oil after the company ran into the financial troubles

The company Essar Oil of the United Kingdom, which has been controlled by the company Ruias, has been in the advanced negotiations with the Apollo Global Management....