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Non-compete fee: Cairn’s investors to lose Rs 3,570 cr

Posted on: August 16th 2010 in Stock News.

Public shareholders of Cairn India will lose out on a whopping Rs 3,570 crore to the promoters who would be only beneficiary of a non-compete fees to be paid by its suitor, London-listed Vedanta group. The non-compete fees, which market regulator Sebi had already proposed to abolish, are…

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