{"id":350091,"date":"2020-05-07T10:26:35","date_gmt":"2020-05-07T04:56:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350091"},"modified":"2020-05-07T10:40:52","modified_gmt":"2020-05-07T05:10:52","slug":"vedantas-sale-of-1-billion-oil-unit-stake-stalls","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedantas-sale-of-1-billion-oil-unit-stake-stalls\/","title":{"rendered":"Vedanta\u2019s sale of $1 billion oil unit stake stalls"},"content":{"rendered":"<p>VedantaNSE 0.57 % Ltd.\u2019s plans to sell a minority stake in its Indian oilNSE -0.97 % unit have stalled after a collapse in crude prices, according to people familiar with the matter.<\/p>\n<p>The Mumbai-listed company, backed by tycoon Anil Agarwal, was seeking to raise more than $1 billion by selling at least 20% of its CairnNSE 0.81 % Oil &amp; Gas business, the people said. The crash in energy prices and the Covid-19 pandemic have made it difficult for potential investors to gauge Cairn\u2019s business outlook, said the people, who asked not to be identified as the information is private.<\/p>\n<p>While the stake sale talks could resume when oil prices stabilize, Vedanta may also explore other fundraising options to reduce its debt, the people said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VedantaNSE 0.57 % Ltd.\u2019s plans to sell a minority stake in its Indian oilNSE -0.97 % unit have stalled after a collapse in crude prices, according to people familiar with the matter. The Mumbai-listed company, backed by tycoon Anil Agarwal, was seeking to raise more than $1 billion by selling at least 20% of its CairnNSE 0.81 % Oil &amp; Gas business, the people said. The crash in energy prices and the Covid-19 pandemic have made it difficult for potential investors to gauge Cairn\u2019s business outlook, said the people, who asked not to be identified as the information is private. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-350091","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=350091"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350091\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}