The group of ministers (GoM) on the Cairn India and Vedanta Resources USD 9.6 billion deal will be notified shortly, and the first meeting is expected to take place later this week, reports CNBC-TV18's Nayantara Rai and Aakanksha Sethi. The GoM is likely to submit its report in two weeks, which should come as a good news for the two companies.
The GoM would consist of the oil minister S Jaipal Reddy, the law minister M.Veerappa Moily, minister for external affairs SM Krishna and finance minister Pranab Mukherjee, who is going to head the panel. It is also learnt that the Solicitor General of IndiaDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
