Cairn and Vedanta have extended the long stop date in the sale agreement to 20 May 2011 in order to accommodate the completion of the open offer. SEBI has also notified Vedanta that the put & call options exercisable by Cairn and Vedanta and the pre-emption right exercisable by Vedanta must be removed from the sale agreement.
first published: Apr 7, 2011 12:34 pm
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