Govt may find it difficult to say no to Cairn-Vedanta deal - Times of India

NEW DELHI: With Cairn Energy Plc voluntarily offering to meet government conditions, the Oil Ministry may find it difficult to nix its deal to sell majority stake in Cairn India to Vedanta Resources.

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The Oil Ministry has shown signs of discomfort at a non-oil firm taking control of a company whose main property is the Barmer district oilfields in Rajasthan and has been in a huddle for the past two weeks combing through the deal. The Oil Ministry has shown signs of discomfort at a non-oil firm taking control of a company whose main property is the Barmer district oilfields in Rajasthan and has been in a huddle for the past two weeks combing through the deal. "I think the ministry never had a case against Vedanta. Legally speaking, they cannot stop Cairn Energy from selling up to 51 per cent stake in Cairn India to Vedanta," a source in know of the development said.

Govt may find it difficult to say no to Cairn-Vedanta deal - Times of India