â¹82,000 cr Essar Oil-Rosneft merger raises security concerns
Central security agencies have raised concerns over the â¹82,000 crore Essar Oil's takeover by a Russian consortium led by Rosneft, citing proximity of its port to Pakistan and nearby defence assets, reports suggested. However, an Essar spokesperson said all requisite approvals are available. Notably, it is mandatory to take security clearance from the Home Ministry for any foreign investment. 