Vedanta hopes to buy UK company Cairn Energy’s majority stake in oil company Cairn India.
ONGC-OIL-Gail may counter Vedanta offer
State-owned ONGC, OIL and Gail may make a joint bid to counter Vedanta Resources’ $8.48 billion offer for majority stake in Cairn India, and have already got $10 billion in loan committments from international banks for the move.
http://economictimes.indiatimes.com/news/news-by-industry/energy/oil–gas/ONGC-OIL-GAIL-may-bid-to-counter-Vedantas-offer-for-Cairn/articleshow/6421338.cms
Could Vedanta Face Competition for Cairn India?
http://blogs.wsj.com/deals/2010/08/24/could-vedanta-face-competition-for-cairn-india/
Agarwal calls Deora in bid to salvage Cairn buy
http://timesofindia.indiatimes.com/business/india-business/Agarwal-calls-Deora-in-bid-to-salvage-Cairn-buy/articleshow/6423370.cms