Essar to pay $2 bn it owed to Standard Chartered
Essar Global will repay about $2.1 billion it owed to Standard Chartered after agreeing to sell its refinery business' control, reports stated. The firm will also pay back around $300 million combined to Indian lenders ICICI Bank and Axis Bank. Earlier, Essar agreed to sell its refinery business to a group of investors including Russia-based Rosneft for $13 billion.