Cairn extends Vedanta deal deadline again
Cairn Energy has said it has for the second time extended the closing date for the sale of a majority stake in its Indian unit to Vedanta Resources in order to secure the necessary government approvals. Cairn, which had previously threatened that the $9.6 billion deal would fall through if not closed within the deadline approved by its own and Vedanta shareholders, did not state what the new deadline for closing the transaction will be.
