ONGC gives NOC for sale of Cairn India to Vedanta

December 06, 2011 15:59

State-owned Oil and Natural Gas Corp (ONGC) has given a no-objection certificate to British oil firm Cairn Energy's sale of a majority stake in its Indian
unit to Vedanta Resources, paving the way for conclusion of the USD 8.71 billion deal in the next few days.

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