Vedanta Group's open offer for Cairn India: Still under process

New Delhi: Vedanta Group's Rs 13,610 crore open offer for acquiring 20 per cent stake in Cairn India, the issue was still under process.

The open offer is yet to be cleared by SEBI.

The deal is contingent upon government approval, which is still under process.

SEBI is holding back the approval for the open offer as the government is yet to give its go ahead.


The Rs 13,631 crore open offer was first scheduled to open on October 11 and close on October 30, but following the oil ministry letter, SEBI refused to give approval to the issue.