Profit

Vedanta may buy 51% in Cairn India

PUBLISHED ON: August 13, 2010 | Duration: 2 min, 39 sec

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London-listed Vedanta Resources Plc is in talks to acquire a majority 51 per cent stake in Cairn India for about $8-8.5 billion (nearly Rs 40,000 crore). Sources said Cairn Energy has been in talks with Vedanta for three weeks now.
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