Vedanta buys 11% stake in Cairn India from Petronas
Reports suggest that the Anil Agarwal promoted Vedanta Resources Plc bought 11% stake in Cairn India from Malaysian oil & gas major Petronas.
Cairn Energy is selling an 8% stake in Cairn India for up to $940 million, a source with direct knowledge of the matter said, in a second such deal in three months to pare holding in its former Indian unit.