you are here: HomeNewsPolitics

Not allow foreign interests take control of Indian corporate during COVID-19 crisis: Rahul Gandhi

"The massive economic slowdown has weakened many Indian corporates making them attractive targets for takeovers. The government must not allow foreign interests to take control of any Indian corporate at this time of national crisis," Gandhi tweeted.

April 13, 2020 / 07:42 AM IST

Congress leader Rahul Gandhi said that the economic slowdown has weakened Indian corporates and urged the government to ensure that no foreign interests take control of any such corporate at a time when the country is fighting the COVID-19 crisis.

His concerns came following reports that some foreign institutions had bought stakes in Indian companies in the wake of the stock market downturn.

"The massive economic slowdown has weakened many Indian corporates making them attractive targets for takeovers. The government must not allow foreign interests to take control of any Indian corporate at this time of national crisis," Gandhi tweeted.

There were also reports that China's central bank has bought 1.01 per cent stake in Housing Development Finance Corporation, India's biggest housing mortgage lender.
PTI
first published: Apr 13, 2020 07:32 am

stay updated

Get Daily News on your Browser
Sections