Vedanta to acquire 51-61% stake in Cairn India
Vedanta Resources Plc said on Monday that it will acquire between 51% and 61% equity stake in Cairn India Ltd. for approximately US$8.5-9.6bn.
Reports suggest that the Anil Agarwal promoted Vedanta Resources Plc bought 11% stake in Cairn India from Malaysian oil & gas major Petronas.