Here's how much Cairn-Vedanta deal will score on D-Street

After ten long months of wait, the Cairn Vedanta deal has finally made it through. The Cabinet Committee on Economic Affairs (CCEA) has given a conditional approval to the USD 9 billion worth deal, accepting most of the recommendations of the Group of Ministers (GoM).

June 30, 2011 / 23:17 IST

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After ten long months of wait, the Cairn-Vedanta deal has finally made it through. The Cabinet Committee on Economic Affairs (CCEA) has given a conditional approval to the USD 9-billion deal, accepting most of the recommendations of the Group of Ministers (GoM).

Expectations have been flying high on the possible imprint of the deal that will be seen on the oil and gas sector. The deal for starters marks the entry of Vedanta Resources into the oil and gas sector. On the street, the deal may bring a possible start to a gradual climb for the Cairn India stock, observes SP Tulsian of sptulsian.com.

first published: Jun 30, 2011 09:13 pm

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