The delay in government approvals for the Cairn-Vedanta deal has forced Cairn India and Vedanta to extend the deadline for the deal to May 20. In an exclusive interview to CNBC-TV18, Amy Kazmin, South Asia correspondent of Financial Times analyses the problems plaguing the deal.
Kazmin feels that the government is deeply divided on the sale issue of Cairn India and the dispute of royalties with ONGC. On one hand, the Cabinet seems to be united on ONGCDiscover 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!
