The Ruias Return

Karmali, Naazneen
March 2007
Forbes Asia;3/26/2007, Vol. 3 Issue 5, p38
The article features Shashi and Ravi Ruia, ambitious brothers who had turned a small family construction business, Essar Group, into a conglomerate with interests in shipping, steel, oil and gas in India. Their Essar Steel had earned a dubious distinction as the first Indian company to default on an international debt, since it had failed to repay floating-rate notes of $250 million.


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