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.