India: Cairn Energy set to vote against Vedanta-Cairn India merger

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.

Britain's Cairn Energy is set to vote against Vedanta's $2.3 billion buyout offer for Cairn India's minority shareholders, the Financial Times said on Wednesday. Cairn's objections included 'fundamental disagreements over valuations'.