Profit

Cairn-Vedanta deal deadline extended to May 20

PUBLISHED ON: April 7, 2011 | Duration: 2 min, 29 sec

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A day after the government referred its $9.6-billion deal to a panel of ministers, UK's Cairn Energy has said it has extended the deadline for completion of the sale of a majority stake in its Indian unit to Vedanta Resources by over a month to May 20.
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