The Prime Minister’s Office (PMO) has asked for a review of Vedanta’s track record in the country’s mining and power sector before approving its $9.6-billion acquisition of Cairn India, a move that may further delay the controversial transaction that was announced in August last year.
At 10:05 am on 6 May, shares of Cairn India were trading 1.67% down at Rs 341 on the Bombay Stock Exchange.