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- Ruias to sell 97% in Essar Oil to 3 Russian firms
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Ruias to sell 97% in Essar Oil to 3 Russian firms
| Oct 13, 2016, 05:06:43 PM
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Billionaire brothers Shashi and Ravi Ruia are likely to end up owning less than 10% of their flagship Essar Oil refinery after selling a controlling stake to Russian energy giant Rosneft PJSC and a smaller one to global commodities trader Trafigura Group Pte.
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