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I-T department to sell Rs 2,700 crore worth of Cairn's Vedanta stake, says report

Updated : July 20, 2018 12:30 PM IST

The development comes after the National Securities Depository (NSDL) transferred all 18 crore shares of Cairn Energy in Vedanta to the IT department.
The department in turn has sold a third of these shares worth Rs 1,580 crore last February.
Cairn, on the other hand had justified the raising of the IPO stating it had informed Sebi and FIPB.
I-T department to sell Rs 2,700 crore worth of Cairn's Vedanta stake, says report

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