India: Essar, IDFC Alternatives reach settlement, paving the way for Rosneft deal

India: Essar, IDFC Alternatives reach settlement, paving the way for Rosneft deal

Image from Essar website

The Essar Group has reached a settlement with private equity fund IDFC Alternatives, ending arbitration proceedings that threatened to block the proposed sale of Essar Power’s Vadinar plant and even delay the $12.9 billion Essar-Rosneft deal.

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