| Essar takes 51% stake in Uganda, Congo telcos | 16-NOV-09 |
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| The Ruias’ Essar Group is to acquire a 51 per cent stake in the telecom operations of the Dhabi Group, an investment company led by Abu Dhabi’s royal family, in Uganda and Congo for around $150 million (Rs 692 crore). |
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| Essar Group firm raises Rs 4,280 cr | 23-OCT-09 |
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| ETHL Communications Holdings Ltd (ECHL), Essar Group’s holding company for telecom services, has raised Rs 4,280 crore through private placement of its zero-coupon bonds. The company intends to use the proceeds for its expansion plans, including mobile services and handset distribution. |
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| Essar considers selling unit stakes | 09-OCT-09 |
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| Essar Group, which runs India’s second-largest private refiner, might sell stakes in its oil and shipping units as part of a global expansion plan, CEO Prashant Ruia said. |
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| Patni appoints Vijay Mehra as EVP | 30-SEP-09 |
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| IT and BPO service provider, Patni Computer Systems, today appointed Vijay Mehra as Executive Vice President and Head of Business Verticals. |
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| DoT refers Loop case back to MCA despite clean chit | 24-AUG-09 |
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| The Department of Telecom (DoT) is planning to refer the alleged violation in the substantial equity condition by Loop Telecom and Vodafone-Essar by virtue of the Essar group companies holding equity in both the companies to the Ministry of Corporate Affairs (MCA) once again. |
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| Aegis BPO invests $100 mn in IT subsidiary | 08-JUN-09 |
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| Aegis, Essar group's BPO arm , is setting up technology subsidiary with an investment of $100 million (around Rs 489 crore). The money will be invested in the subsidiary over the next 12 months. |
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| Aegis BPO to augment global workforce by 12,000 this fiscal | 04-JUN-09 |
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| At a time when the Bangalore versus Buffalo City debate spooks BPO employees in India, Essar Group's backoffice unit Aegis Ltd will augment its workforce by 12,000, summing up the total headcount to 43,000 by end of this fiscal. |
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| Loop gives DoT its shareholding pattern, says no violation | 06-MAY-09 |
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| Loop Telecom today stated that it has fully complied with the licensing norms and has submitted the certified shareholding structure in the company to the Department of Telecom (DoT), saying that the Essar Group has equity of less than 9.99 per cent in the firm (Loop). |
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