SAM, A&O, Hogan act on Essar Group loan repayment to ICICI, Axis, StanChart

Within days of Essar Group signing a mega $12.9-billion asset sale in its oil business to Russia’s Rosneft, three top lenders — ICICI Bank, Axis Bank and StanChart — have got back an estimated $2.5 billion as part of the first payment for their debt exposure to the Ruias-led conglomerate, reported ET.