Chart: India Inc asset sales peak in 2016, Essar tops list

Essar tops the list of corporates reducing debt

The sale of Essar Oil and related infrastructure to Rosneft and other partners has created many records. The transaction is India’s biggest FDI inflow, apart from being India’s biggest deleveraging exercise undertaken by any debt-heavy group. 

In 2016, the sale of assets by Indian corporate sector spiked as economy slowed down and banks became more aggressive in getting their funds back. The global commodity crash also led to many projects becoming unviable. 

Be it the Tatas, Ruias, or the Jaypee group, India Inc sold more assets than buying new ones. Here is the list of top transactions undertaken by Indian companies to reduce their debt.

STRATEGIC SALES