IB, Home Ministry red flag Essar-Rosneft deal

IB, Home Ministry red flag Essar-Rosneft deal

India’s Essar Oil and Russia’s Rosneft on Friday revealed that Rs 80,000 crore buyout was complete now. Under the purchase deal, Roseft will get Essar oil refinery in Gujarat which is second largest facility in India.

A report on ET Now says that due to some security fears the deal has hit a hurdle of India’s security agencies. Home Ministry and Intelligence Bureau have raised certain objections over inclusion of Vadinar port being part of the sellout. Read More…

 

 

Credit By: The Asian Age

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