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Prakash Diwan

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Essar Oil doesn't have the balance sheet strength to make an open... by Prakash Diwan

Essar Oil doesn't have the balance sheet strength to make an open offer to buy-back its shares.

Prakash Diwan
energy

A stake purchase in Essar Oil will help Rosneft participate in global trade without being subjected to western sanctions and Essar, which is a cash-strapped group, will get money to get rid of some of its debt.

Prakash Diwan
energy
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