If you are not clued in, it’s unlikely you have heard of the VTB Group. It owns the second-largest bank in Russia, is known for its closeness to President Vladimir Putin and the government there, and, above all, is a financial powerhouse with a sprawling investment banking business. Just a few days ago, group company VTB Capital tied the knot with the Ruias and is planning to bid jointly for debt-ridden Essar Steel, which is being put on the market by the National Company Law Tribunal (NCLT). This is not its first tryst with the Indian private sector. It has done ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Mon, November 13 2017. 01:16 IST
