vente CAIRN Vedanta
Cairn continues to work with the Government of India (GoI) to secure the necessary consents and approvals for completion of the proposed transaction with Vedanta. Cairn currently expects to conclude the transaction before 15 April 2011.
At the Company’s general meeting held on the 7 October 2010, shareholders voted overwhelmingly in favour (99%) of approving the proposed part sale of Cairn’s shareholding in Cairn India to Vedanta.
At the Vedanta general meeting held on 13 December 2010, shareholders voted overwhelmingly in favour (97.35%) of approving the proposed part sale of Cairn’s shareholding in Cairn India to Vedanta.