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Vedanta deal: Cairn to seek shareholder nod on Oct 7

Posted on: October 6th 2010 in Stock News.

UK-based Cairn Energy Plc will tomorrow seek shareholder nod for the sale of majority stake in its Indian arm to London-listed Vedanta Resources for up to $8.48 billion, a development that would close options for state-owned ONGC to make a counter offer. Cairn has called a General Meetin…

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