UK-based, Vedanta Group on Tuesday said it has received capital market regulator, SEBI's nod for a 9.6 billion dollar deal to acquire a 51 per cent stake in oil explorer and producer, Cairn India, and will launch an open offer soon. Stating this to reporters in Mumbai, Vedanta Group Chairman, Anil Agarwal expressed confidence that the deal to acquire a majority stake in Cairn India, promoted by Edinburgh-based, Cairn Energy, will soon receive government approval.
News On AIR | April 5, 2011 3:04 PM
SEBI approves open offer for Cairn India: Vedanta