1 Essar closes acquisition of AGC, board reconstituted
Essar Group today completed the acquisition of AGC Networks, including closure of the open offer representing 20 per cent of AGC Networks’ outstanding shares. The total deal size was $61.4 million (Rs 288 crore), taking Essar’s stake in the company to 79.13 per cent. The company will continue to work independently. Source: Business Standard India
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2 Essar think-tank to drive retail vision
The diversified steel-to-telecom Essar Group, with revenues of $ 15 billion, is readying to consolidate its retail initiatives under one roof to maximise synergies and explore new avenues of growth. To shape its plans, Essar is forming a centralised retail think-tank at a group level to strategise the conglomerate's future course of action. Source: rediff.com
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3 Kangaroo Resources Says Essar Makes Bid for Indonesian Energy Coal Mine
Essar Group, controlled by Indian billionaire brothers Shashi and Ravi Ruia , is among the bidders for a coal mine in Indonesia, said Kangaroo Resources Ltd. Source: Bloomberg
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4 Essar electricity project progresses
During a special meeting Tuesday, City Engineer Bryan Adams explained that Essar has requested the city design the site’s substation for a 6-million-tonne per year capacity, necessitating the purchase of two additional transformers. Source: Hibbing Daily Tribune
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5 Mayor's wake to be held at Essar Centre
A wake for Mayor John Rowswell will be held Friday at the Essar Centre. Rowswell, 55, succumbed Tuesday after a long battle with cancer. Rowswell, who led the city since 2001, was the Sault's first mayor to die while in office.[...] Source: The Sault Star
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6 Essar Steel to expand retail network
KOCHI: Essar Steel Ltd., a company of the Essar Group, will expand its retail chain in Kerala. The company will open one more Essar Hypermart and eight Expressmarts, the franchisee-operated hypermarts, by 2011. Source: The Hindu
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7 Essar decides against Vodafone JV stake IPO-sources
Essar decides against Vodafone JV stake IPO-sources Source: FOX Business
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8 Essar Group Decides Against IPO for Vodafone Joint Venture
India's Essar Group has decided not to go ahead with the anticipated stock market floatation of its stake in Vodafone Essar, people familiar with the matter have told the Reuters news agency. Source: Cellular-News.com
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9 India betting big on Rs 1,700 cr project to foster growth in NE
India is betting big on a Rs 1,700 crore project to develop an alternate route through Myanmar to transport goods to the North-East, as against the current congested passage via Guwahati, to promote relations with Asean countries and develop the northeastern region. Source: Business Standard India
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10 The Global Association for Contact Center Best Practices & Networking
MUMBAI, September 1, 2010 -- The Shashi Ruia-led diversified Essar Group today said it has successfully completed the acquisition of AGC Networks, including closure of the offer representing 20 per cent of AGC Networks' outstanding shares. Source: ContactCenterWorld.com
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