Essar merger approvals extend date

Essar Group is take over another group company that owns an indirect stake in mobile operator Vodafone Essar, said the two boards have extended the deadline to Sept.30 for getting the approvals for the merger.
                                              
India Securities statement to the Bombay Stock Exchange on Wednesday did not give further details.

An Essar Group official said the companies had previously set a March 31 date for getting the necessary approvals, but had to extend it as a court decision on the merger is still pending.

India's Madras High Court will hold a final hearing on April 1, on the petition to merge the two Essar firms, India Securities said last week.