India's JSW Steel is slowing down the process to buy a stake in the steelmaking coal unit...
...coal unit of Canada's Teck Resources, on the back of recent diplomatic tensions.
On Thursday, India suspended visa services for Canadian citizens, citing security threats to its staff in its consulates in Canada.
JSW Steel, India's largest steelmaker by capacity, is one of the largest customers of Teck's coal business.
The Vancouver-based company has twice rejected an unsolicited $22.5Bn bid for the entire company from global miner and trader Glencore.
The slowed-down stake buy by JSW Steel is the first sign that the diplomatic spat between India and Canada is affecting trade ties.