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Cairn may not accept Govt conditions on Vedanta deal

More action can be expected in the Cairn Energy-Vedanta Resources stake sale deal, with the Cairn India board unlikely to accept the conditions set by the Government. The Government has set certain riders for the deal approval including the issue of royalty raised by ONGC — royalty to be shared by all stakeholders — and that Cairn has to withdraw all arbitration cases.

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