GoM On Cairn, Vedanta Deal To Meet On May 2

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>The Group of Ministers (GoM) to consider approval for a deal between Cairn and Vedanta Resources will meet on May 2, an oil ministry source said on Thursday.<br><br>Vedanta is seeking to take control of Cairn's India unit in a deal worth up to $9.6 billion. But the deal has been delayed due to a dispute over royalty payments by Cairn India's partner, state-run Oil and Natural Gas Corp.<br><br>Earlier this month, the matter was referred to a panel of ministers, headed by Finance Minister Pranab Mukherjee, which is expected to submit its recommendations to the cabinet for a final decision.<br><br>(Reuters)</p>