 "Essar")
With the repayment of its last debt tranche, Essar Global Fund, the holding firm of the Essar group of companies, on Monday said it had completed the debt repayment of Rs 42,000 crore, spread over two years.
“Essar Global Fund today (Monday) reached yet another milestone in deleveraging by repaying the last tranche of debt of Rs 12,000 crore ($1.75 billion) to its various Indian and foreign lenders,” it said in a release. This is in addition to the Rs 30,000 crore ($5 billion) repayment made in August 2017 to various lenders from the proceeds of Essar Oil monetisation, it added.
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