Essar promoter kin's firm invested in Deepak Kochhar's firm
Mauritius-based Firstland Holdings owned by Nishant Kanodia, son-in-law of Essar Group promoter Ravi Ruia, allegedly invested â¹325 crore in Deepak Kochhar's NuPower Renewables. The investments from Firstland Holdings into NuPower reportedly started in December 2010. The same month a banks' consortium led by ICICI gave â¹3,541-crore loan to Essar Steel Minnesota LLC, which was later declared as NPA.