Govt says Confident Of Discovering A Positive Solution To Cairn India

Indias oil secretary mentioned on Sun-day he was confident of discovering a “positive solution” to Cairn India’s intends to sell controlling share in their Indian-unit to Vedanta Resources.

Cairn Energy decided in August to sell 40to 51per cent in Cairn India to Vedanta however the deal has-been delayed on rumblings through the Indian govt as well as its companion in the big Rajasthan block, Oil and Natural Gas Corp.

We’d constructive conversations with the reps of Cairn and Vedanta. We hope to go toward a positive solution,” S Sundareshan informed reporters.

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