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LIC demands dues from Essar to give clearance to Rosneft-Essar deal

LIC demands dues from Essar to give clearance to Rosneft-Essar deal

Friday, March 24, 2017, 10:23 AM

India's top financial institution LIC wants its pound of flesh before it gives the green signal to the $13-billion Essar-Rosneft deal which would be the largest inflow of foreign direct investment into the country. The state-owned life insurer has spelt out that it would issue a 'no-objection certificate' (NoC) only after Essar clears all dues.
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