Cairn said it had initiated arbitration.
Cairn wants the stakes that its different subsidiaries, including those registered abroad as well as showpiece Rajasthan oilfields, hold in oil and gas properties, to be transfered into one India-based company.
Former New Zealand all-rounder Chris Cairns went on the front foot over ongoing match-fixing allegations, and rounded on former teammates and high-profile officials, including the legendary Richard Hadlee.
The former Kiwi ace picked Wasim Akram as the greatest bowler and Ian Botham the greatest all-rounder.
More than three months after announcing the sale of its up to 51 per cent stake in the Indian unit to Vedanta, Cairn Energy Plc on November 23 last year had made a conditional application to seek government's nod but refused to accept partner ONGC's rights.
If the waxy crude oil from Cairn's Mangala field in Rajasthan's Barmer area could get the company such high valuations, the prospects of other companies producing higher-grade crude oil or natural gas certainly brighten.
Cairn Energy of UK is seeking compensation from the Government of India.
Cairn India on Friday said its UK-based parent Cairn Energy Plc is unlikely to exit completely from the company.
Former New Zealand skipper Brendon McCullum has insisted that he can never forgive his ex-team-mate Chris Cairns after the latter effectively lobbied to destroy his credibility over match-fixing allegations. Cairns had been linked to match-fixing following statements by Stephen Fleming and McCullum. However, he was cleared of any wrongdoing in a court of law and by the ICC's anti-corruption unit. McCullum, who had told the jury that Cairns had approached him three times in total over fixing a match, insisted that he felt as if his character had come under-fire during the prejury trial.
Cairn Energy is back to its original image of an explorer, with its prime producing properties in India now going into the Vedanta group kitty.
A day after agreeing to sell majority stake in its India subsidiary for $8.48 billion, UK's Cairn Energy Plc top management on Tuesday met Oil Minister Murli Deora and other key officials to clear any regulatory roadblocks to the deal with Vedanta Resources.
Cairn Energy Plc's deal to sell a majority stake in its Indian arm to Vedanta Resources for up to $8.48 billion is contingent upon the billionaire Anil Agarwal-led group completing an open offer to minority shareholders of Cairn India, a senior official said.
UK's Cairn Energy has informed Oil Ministry that it will comply with all contractual obligations in selling majority stake in its Indian arm and that London-listed Vedanta Resources was a fit candidate to take over operations.
Former New Zealand all-rounder Chris Cairns has finally acted on his threat to sue Lalit Modi and has initiated legal action against the suspended IPL commissioner for suggesting that he was involved in match-fixing.
Vedanta had proposed to buy a 51 per cent stake in Cairn India for $9.6 billion in the middle of last year. The Cabinet Committee on Economic Affairs is expected to take up the issue next week.
Former New Zealand cricket captain Chris Cairns was cleared by a London court on Monday of perjury and perverting the course of justice relating to a libel case three years ago.
British energy firm Cairn Energy on Wednesday said its oil and gas operations in offshore Andhra Pradesh have not been affected by the Tsunami tidal waves caused by a massive earthquake.
Cairn faces a potential tax demand on an alleged Rs 24,500 crore of capital gains it made when in 2006-07 it transfered all its India assets to a new company, Cairn India.
State-owned Oil and Natural Gas Corp on Monday said UK's Cairn Energy Plc cannot sell a majority stake in Cairn India to Vedanta Resources without its consent.
Net profit in 2012 was $72.6 million, compared with $4.56 billion profit in 2011, Cairn said in a statement.
Indian Oil Corporation has started buying crude oil from Cairn India's Rajasthan oil fields, which have now crossed the 1,00,000 barrels per day mark in production.
Former New Zealand captain Chris Cairns must wait until Monday at the earliest to learn the result of his perjury trial after jurors failed to reach a verdict following a second day of deliberations.
New Zealand coach Ashley Ross said the final eleven for the match against India will be named on Thursday from its 12 remaining players.
Former New Zealand cricketer Chris Cairns has sued former IPL Chairman Lalit Modi in a London court claiming that his career was turned into "dust" because of the latter's tweet accusing him of corruption.
The Supreme Court on Monday issued notices on a public interest suit challenging the role of the central government and state-owned Oil and Natural Gas Corporation in the deal between Cairn India and Vedanta Resources.
The Income Tax department, which is probing Cairn Energy plc's transfer of India assets, has asked the UK-based company not to dispose of its 10.3 per cent holding in Cairn India.
The company has not been able to sell its 9.8% stake in Cairn India
Government wants Cairn India to agree to pay royalty and cess on its all important Rajasthan block.
Cairn files notice against India in $1.6 billion tax dispute.
Vedanta has acquired 58.5 per cent in Cairn India for a total consideration of $8.67 billion, the third-largest acquisition ever by an Indian enterprise globally.
Cairn India has received a government approval that will enable it to proceed with the development of a pipeline to transport oil from its flagship fields in Rajasthan.
Former New Zealand all-rounder Chris Cairns has denied allegations that he is the name identified as 'Player X' by current captain Brendon McCullum and former batsman Lou Vincent, following a report that 'the net is closing' around a big name in the game.
The Kiwi all-rounder will retire from Test cricket after the tour of England, but still hopes to play one-day cricket.
Weak production outlook, low crude oil prices and regulatory issues could keep the scrip in check
The Securities and Exchange Board of India (Sebi) is unlikely to clear Vedanta Resources and Sesa Goa's open offer to the shareholders of Cairn India till the government approves the Cairn-Vedanta deal, according to officials familiar with the matter.
After news of Lou Vincent's ex-wife's match-fixing testimony came out, former New Zealand Test cricketer Chris Cairns has continued to stay firm on the stand that he is innocent.
The Edinburgh-based firm's current application seeking the nod for sale of 40 to 51 per cent in Cairn India, for up to $8.48 billion, has left out three producing properties, including the giant Rajasthan oilfields.
Vodafone is facing tax liability over its $11 billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa in 2007.
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