Essar Oil doesn't have the balance sheet strength to make an open offer to buy-back its shares. Prakash Diwan More Quotes by Prakash Diwan More Quotes From Prakash Diwan 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
