In a new twist to the tale, Cairn India board today said it was pushed to the wall and had no option but to accept the pre-conditions laid out by the government for the Vedanta deal. That is what Cairn India management told shareholders at the annual general meeting, report CNBC-TV18's Sajeet Manghat and Ashwin Mohan.
JP Morgan has maintained a 'neutral' rating with a target price of Rs 385 on Cairn India despite strong operation performance in the June quarter.