Articles tagged with: Cairn-vedanta deal
British oil firm Cairn Energy Plc today said it has completed the sale of a controlling stake in its Indian unit to mining giant Vedanta after protracted wrangling over royalty payments.
Cairn Energy, which had in July ...
The Home Ministry has given its approval to London-listed miner Vedanta Resources’ buying majority stake in Cairn India for $8.7 billion.
The Home Ministry, while giving the security no-objection certificate (NOC), highlighted eight areas of concern, including ...
State-owned Oil and Natural Gas Corp is likely to give its ‘no-objection certificate’ to Cairn Energy Plc’s stake sale in its Indian unit to Vedanta Resources by the year-end, its Chairman Sudhir Vasudeva said.
“Our Board had ...
It is now official, the state-owned Oil and Natural Gas Corp (ONGC) on Tuesday decided to give its consent to Vedanta Resources for taking over Cairn India but only if the mining group and the subsidiary ...
Oil explorer Cairn India said on Wednesday had received approval from its shareholders to accept conditions imposed by the government necessary to clear Vedanta Resources’ deal to buy a 40 per cent stake in the company.
The ...
Ahead of its takeover by Vedanta Resources, Cairn India today said its Chief Financial Officer Indrajit Banerjee had quit the company. “Banerjee has stood down from his position as executive director and CFO with effect from ...
UK’s Cairn Energy has said it will accept all riders the government has attached for giving approval to its stake sale in Cairn India to mining group Vedanta Resources. Cairn Energy chairman Bill Gammell, who had ...
After showing signs that it was willing to agree to government riders to save its deal with Vedanta Resources, UK’s Cairn Energy has asked its Indian unit to convene a shareholders meet to vote on the ...
More than three weeks after the Cabinet Committee on Economic Affairs (CCEA) gave conditional nod to the US $9-billion Cairn-Vedanta deal, the Oil Ministry today sent a formal letter to the companies informing of the decision. ...
In signs of a souring relationship, state-owned Oil and Natural Gas Corp (ONGC) has withheld consent for internal restructuring of Cairn India Ltd for the past one year. Cairn wants the stakes that its different subsidiaries, ...
