ONGC Cannot Pre-empt Vedanta Buy in into Cairn India - Cairn Energy

摘要

Cairn Energy has stated it is selling up to 51 per cent out of its 62.38 per cent holding in Cairn India to London-listed Vedanta at the corporate level and the deal does not trigger pre-emption rights of ONGC as the transaction was at shareholder level and not a sale of interest in a particular oilfield.