Vedanta ordererd to pay Cairn UK $9.4 million
India

Vedanta ordererd to pay Cairn UK $9.4 million

(Reuters) - Indian mining group Vedanta must pay 776 million indian rupees ($9.38 million) to Cairn UK Holdings for delay in payment of dividends, India's markets watchdog said on Tuesday. The order

   

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(Reuters) – Indian mining group Vedanta must pay 776 million indian rupees ($9.38 million) to Cairn UK Holdings for delay in payment of dividends, India’s markets watchdog said on Tuesday.

The order on the website of the Securities and Exchange Board of India (SEBI) said Vedanta must make the payment within 45 days or face further action.

($1 = 82.7550 Indian rupees)

(Reporting by Jayshree P Upadhyay; Editing by David Goodman)

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