The deal gives London-based Vedanta Resources a 10.4 percent stake in Cairn Energy's India business, which includes highly anticipated new production from oilfields in Rajasthan. The deal is believed to be the largest overnight block trade transaction in India's history.
April 25, 2011 at 12:00 AM
1 minute read
From The Am Law Daily
Clifford Chance and three other firms advised on Vedanta Resources’s $1.5 billion stock purchase that gave the company a 10.4 percent stake in Cairn Energy’s India business. The purchase from Malaysia’s state-owned oil company is believed to be the largest overnight block trade transaction in India’s history.
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