Vedanta

ONGC asks Cairn to submit details of deal with Vedanta

VedantaIndia's state-owned oil company, ONGC has asked Cairn to submit all the details related to its deal with Vedanta Resources.

The company which has stake in Cairn's India operations was caught off guard when the company decided to sell 51 per cent to Vedanta. This would mean that Vedanta, the London listed firm would have the majority stake and also the decision-making authority in it.

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