Brothers have been busy restructuring their debt-laden Essar Group, a $27 billion (revenue) steel-to-shipping conglomerate. They took Mumbai-listed Essar Oil private in preparation for a 49%-stake sale in the company to Russian oil-producer Rosneft. The $2.8 billion deal (excluding debt) has yet to be concluded. In February they sold an office complex in Mumbai's financial district for $350 million to a Bangalore developer. The Ruias are said to be looking for a buyer for their outsourcing unit Aegis.