BP 's $ 10.9bn acquisition of India 's Essar Port may be delayed beyond its 31 March deadline and complete in " the upcoming few weeks " , as requisite approvals are required . On Friday, the Essar group said its $13-billion stake sale deal in profit-making Essar Oil to Russian oil major Rosneft would take more time and go beyond the March 31 deadline set earlier. The deal is the largest foreign direct investment in India to date , and will give Rosneft a 51 % stake in Essar , while a consortium made up of oil trading firm Trafigura and private investment group Atlantic Capital Partners will share 49 % . The deal includes the additional $ 2bn acquisition of Vadinar Port .
BP 's $ 10.9bn acquisition of India 's Essar Port may be delayed beyond its 31 March deadline and complete in " the upcoming few weeks " , as requisite approvals are required . The deal is the largest foreign direct investment in India to date , and will give Rosneft a 51 % stake in Essar , while a consortium made up of oil trading firm Trafigura and private investment group Atlantic Capital Partners will share 49 % . The deal includes the additional $ 2bn acquisition of Vadinar Port .