The Securities and Exchange Board of India (SEBI), said on Monday it had issued final observations on Vedanta's open offer for Cairn India.
Cairn Energy agreed six months ago to sell up to 51% in its Indian unit to Vedanta in a deal valued at up to USD 9.6 billion, which had been delayed as the government looked into issues of royalty payments.
Source: www.moneycontrol.com
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