FIs start talks over Dabhol once again

Another round of talks between the domestic institutional lenders led by IDBI and other offshore lenders to resolve the Dabhol dispute began on Tuesday today in London. This is the fourth round of negotiations between Indian and offshore lenders.

The Industrial Development Bank of India (IDBI)-led lenders have offered to pay $190 million as against the offshore lender’s proposal of $260 million to buy out their debt.

These talks are for negotiating the rate at which the domestic lender could buy out the foreign lenders.