Essar Group’s Debt Repayment Is The Largest Ever In India

Watch Prashant Ruia, Director, Essar Capital in an exclusive conversation with Business Today TV's Managing Editor, Siddharth Zarabi. Speaking on the sidelines of the World Economic Forum at Davos, Ruia talks about how the Essar Group managed to become debt free after repaying a massive $25 billion debt. Repayment is the largest ever in India. While the group has deleveraged some of its assets, such as Essar Steel, Essar Oil, its BPO business, and other verticals, Prashant Ruia believes the group is now entering a growth phase. "We will continue to invest in existing sectors with a view toward investing in new age sectors to build future-ready businesses," Mr. Ruia says of the future.