Cairn-Vedanta deal to be finalised by March: Murli Deora
India's oil secretary S Sundareshan had said last month the government would make its decision before end-February.
The government will decide by end-March 2011 whether to allow Cairn Energy's to sell a majority stake in its Indian unit to Vedanta Resources, oil minister Murli Deora said on Monday. India's Oil secretary S Sundareshan had said last month the government would make its decision before end-February.
Cairn Energy agreed in August to sell a stake of 40 to 51% in its Indian arm to Vedanta in a deal worth upto $9.6 billion.