2011/02/24
"Cairn India in New Delhi talks" from Financial Times
"India's oil secretary said on Sunday that the government was hopeful of finding a "positive solution" to Cairn Energy's plans to sell a controlling stake in its Indian unit to Vedanta Resources. Cairn India said the meeting between the petroleum ministry and executives involved in the proposed sale of a Rajasthan oilfield by Cairn Energy, the UK oil and gas group, was "constructive," adding that it hoped to complete the deal by April 15. There were doubts about whether the $9.6bn deal would go ahead after New Delhi said it wanted to impose new conditions before allowing Vedanta, the London-listed resources group, to take control of Cairn India."
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