Cairn Energy may need approval from the government to sell a stake in its Indian arm, Petroleum Secretary S Sundareshan said on Friday.

India-focused Vedanta Resources is in talks with Cairn Energy, which has a 62.37 per cent stake in Cairn India, to buy a stake in the unit, both companies confirmed on Thursday.
{{^htLoading}} {{/htLoading}}
Such a deal would be the diversified miner's first move into oil and gas.
Sundareshan said he had learnt from Cairn India that discussions between the two firms were at a preliminary stage.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Advertisement
{{/htLoading}}{{#usCountry}} {{/usCountry}}