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Clues by NC Team • 8 Jan 2019, Tuesday

Essar Global Fund Ltd, the holding company of Essar Group, on Monday said it has cleared all its overseas debt after it repaid the last tranche of Rs 12,000 crore to its various Indian and foreign lenders. The company had already repaid Rs 30,000 crore in August 2017 to various lenders from the sale proceeds of Essar Oil to Rosneft of Russia. Over the past two years, Essar Group has repaid more than Rs 1.37 lakh crore, which is 80% of the group's total debt (including that of Essar Steel). majority of the payments have been made to Indian lenders.

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