Cairn India to spend $1 billion on buyback: Bloomberg

(Reuters) - Cairn India Ltd , oil and gas unit of London-listed Vedanta Resources , is set to spend about $1 billion to buy back shares, Bloomberg reported on Sunday citing two people familiar with the matter.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/izlb3eN7hEo/story01.htm