Farallon Capital May Acquire Rs 1,700-Crore Stake In Essar Steel: Report

New Delhi: Private equity investor Farallon Capital is likely to acquire a 24 per cent stake in Essar Steel for $250 million (Rs 1,700 crore) as part of restructuring of the Ruias-owned firm. "As part of restructuring of Essar Steel, the financial investor - Farallon Capital - has been roped in to invest $250 million (Rs 1,700 crore) for a 24 per cent equity stake," a source privy to the development said. The company is expected to...