Vedanta Resources

UK-based Vedanta Group today said it has received market regulator Sebi's nod for a $ 9. 6 billion deal to acquire a 51 per cent stake in Cairn India and

Multi-billion dollar stake sale by Edinburgh-based Cairn Energy in its Indian subsidiary would not see the light of the day unless new promoters agree to pay their share of royalty

“We had extremely 'constructive' discussion with representatives from Cairn and Vedanta and officials from petroleum ministry were present. We are hopeful of finding a final solution,” oil secretary S Sunderashan said in the national capital on Sunday after the two-hour long meeting.

Government’s nod for the proposed $8. 5-9 billion stake sell by Cairn Energy to Vedanta Resources is likely to be delayed by another one month

The Essar group on Thursday announced its plan to raise about $2. 5 billion through a public offer on the London Stock Exchange(LSE)

In sharp contrast to the Centre's assertion that Vedanta Resources' proposed mining project in Orissa's Niyamgiri hills violated green and tribal norms, the state said the Anil Agarwal-led group's plans