RCom was accused by CAG of not disclosing its stake in Swan Telecom, which received spectrum in the 2G auction. Swan was later sold to Etilsalat DB Telecom. Similarly, Unitech and Videocon did not disclose interests in telecom companies. Vedanta secured a $6 billion financing deal with banks to fund its proposed acquisition of a majority stake in Cairn India from Cairn Energy. The deal will be launched for general syndication shortly. The Oil Ministry said it would only consider approving the $8.48 billion Cairn-Vedanta deal after Cairn Energy formally applies for transfer of control of all its 10 Indian properties