Vedanta Resources Plc shares fell 5.5% to 20.61 pounds on the London Stock Exchange (LSE) in late trading. The broader market was weak, with the FTSE 100 down 0.32% at 5,248.95. Cairn Energy Plc, however, rose 1.41% to 4.59 pounds on the LSE. In India, Vedanta Group’s Sterlite Industries slipped over 4% to close at Rs 160.70 on the Bombay Stock Exchange. It was the biggest loser in the Sensex today. Meanwhile, Cairn India, the Indian branch of Cairn Energy, surged over 5% to hit an all-time high of Rs 358, ending up 4.36% at Rs 355.45. Vedanta is negotiating to buy a majority 51% stake in Cairn India for roughly USD 8-8.5 billion (near Rs 40,000 crore). An announcement on the deal is expected as early as Sunday evening or Monday. Cairn Energy, which holds 62.37% of Cairn India, is seeking a premium of up to 20% to transfer the controlling stake, according to sources. Agarwal is meeting Cairn Energy CEO Bill Gammell in London to finalize the deal. The acquisition will need government approval because Cairn India’s oil assets and blocks require prior approval or offer pre-emption rights to partners such as ONGC before any stake sale. The market watches closely as this major takeover could reshape the energy sector landscape in India.