Reliance Industries, Adani Group, and JSW Group may be among potential buyers of Rosneft's 49.13% stake in Nayara Energy
A major effect of Rosneft's entry will be on crude oil procurement strategies
Group Director Prashant Ruia described it as largest debt reduction in the corporate India history
Lenders are now working for a resolution of loans to the Essar group's steel and power businesses
23-bank consortium to release Ruias' pledged shares to facilitate deal closure
Rosneft will allow the Russian company to increase oil refining output by 20 percent
Rosneft has struggled to close acquisition due to delay caused by debts to Indian lenders
Supports sale of Ruias' stake in Essar Oil to Rosneft