Following concerns about the track record of the UK-based Vedanta Resources, the Indian Prime Minister’s Office (PMO) in Delhi has asked for a review of the company’s past performance in India’s mining and power sectors before approving its $9.6 billion acquisition of Cairn India. It’s a move that may further delay the mega deal that was announced in August last year.
See http://www.tehelka.com/story_main49.asp?filename=Ws260511Vedanta.asp.