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The Group of Ministers (GoM) looking into the Cairn Energy-Vedanta Resources stake sale deal is set to meet on Friday.
The fate of the deal is dependent on the GoM decision. The Cabinet Committee on Economic Affairs (CCEA) in its meeting on April 6 had referred the matter to a GoM. Last August, Cairn Energy and Vedanta announced a deal according to which Cairn Energy proposes to sell a maximum 51 per cent stake in Cairn India to Vedanta for up to $8.48 billion.
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