essar

The diversified Indian industrial group sells 100% of its telecom towers business to American Tower in a deal that specialists say represents good value for both buyer and seller.

Indian business group Essar pays $250 million to combine the Nasdaq-listed business process outsourcing firm with its own outsourcing division Aegis.

US steelmaker Esmark endorses EssarÆs improved takeover offer of $750 million and takes steps to ensure the sale, including introducing a poison pill and filing a law suit against the dissenting workers' union.

India's latest outbound M&A deal sees Essar acquire Algoma Steel of Canada for a cash consideration of $1.58 billion.

Vodafone and Essar to continue as partners in India. Essar negotiates a put of its Hutchison Essar shares after four years.

Vodafone soft-pedals on some of its post acquisition announcements as discussions begin with the Essar group, and the Ruia family, regarding its 33% stake in Hutchison Essar.

Vodafone values Hutchison Essar at $18.8 billion. Vodafone investors cheer but analysts are more cautious and telecom shares across Asia feel a trickle-down effect.

Hutchison Telecommunications International acquires 5.11% stake in unlisted Indian telecom company Hutchison Essar for $450 million taking direct and indirect shareholding to 67%.