Motilal Oswal
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Motilal Oswal
January 11, 2019 09:49 AM IST | Economy

IL&FS urges Exim Bank to release funds to end Ethiopian hostage crisis, says report

As per the report, the development comes as IL&FS is seeking ways to secure the release of its four employees who were held hostage by local staff in Ethiopia.
The local staff working in IL&FS’ joint venture in Ethiopia, ITNL-Elsamex JV Bure, have demanded an additional four months’ net salary for the release of the Indian staff held hostage since November, said the report.
IL&FS urges Exim Bank to release funds to end Ethiopian hostage crisis, says report
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