Cairn-Vedanta GoM meet postponed
Cairn-Vedanta GoM meet postponed
2 MAY, 2011, 01.20PM IST,PTI
NEW DELHI: The much-awaited meeting of a Group of Ministers headed by Finance Minister Pranab Mukhejree on London-listed mining group Vedanta Resources' USD 9.6 billion acquisition of Cairn India has been postponed.
"The meeting was scheduled for 1930 hours today, but it has now been postponed," a senior government official said.
No reasons were given for the postponement. Besides Mukherjee, the GoM includes Oil Minister S Jaipal Reddy, Law Minister M Veerappa Moily, Telecom Minister Kapil Sibal and Planning Commission Deputy Chairman Montek Singh Ahluwalia .
"This was the first meeting of the GoM since it was asked by the Cabinet Committee on Economic Affairs on April 6 to vet the deal for according government approval," he said.
The ministerial panel was to deliberate on whether Vedanta, with no experience in oil and gas sector, should be given unconditional approval for buying a company that owns the nation's largest onland oil fields or given clearance after attaching reasonable conditions.
.... suite sans grand intérêt laïus habituel.
Ce que l'on conçoit bien, s'énonce clairement, Et les mots pour le dire arrivent aisément. BOILEAU