Cairn and Vedanta agree open-ended deadline
Cairn Energy has extended the deadline for completing the $9.6bn (£5.9bn) sale of its Indian unit to Vedanta, the London-listed, Indian-focused mining company, while awaiting New Delhi’s blessing for the deal.In a statement, the British oil explorer said it was not setting any new deadline but that the two companies had agreed to “extend the closing date on their sale and purchase agreement in order to secure the necessary consents and approvals from the government of India to complete the transaction”. Read more [...]