Awaits approval of the Reserve Bank of India
Cairn India announced that the Company has received all the required approvals in relation to the scheme of arrangement between Vedanta and Cairn India and their respective shareholders and creditors, save and except the approval of Reserve Bank of India for issuance of Redeemable Preference Shares to the Non- Resident shareholders of Cairn India. The scheme will be made effective upon receipt of approval of Reserve Bank of India.Powered by Capital Market - Live News
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