Lenders clear Rs 86,000-cr Essar Oil-Rosneft deal

Lenders clear Rs 86,000-cr Essar Oil-Rosneft deal

A consortium of 23 lenders led by State Bank of India today cleared the Rs 86,000-crore sale of Essar Oil to Russia’s Rosneft-led group after the Ruias agreed to clear a part of the Rs 26,000-crore loans, including that of Life Insurance Corporation.