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Cairn-Vedanta merger News

26 Jun 2017

Vedanta's dream has just begun; to invest $6-7 billion

Vedanta Ltd had reported a consolidated net profit of Rs 2,988 crore for the quarter ended March 2017.

11 Aug 2016

Vedanta merger: Cairn calls shareholders' meeting on September 12

Cairn India has called a shareholders' meeting on September 12 to seek approval for the company's takeover by its parent Vedanta Ltd under a revised all-share deal.

Vedanta Resources

19 Nov 2015

'Vedanta not considering sweetening Cairn merger offer'

With minority shareholders of Cairn India said to be against the merger of the company with parent Vedanta Ltd, Vedanta Group Chairman Anil Agarwal Thursday hoped he wouldn't have to sweeten the merger offer.

Vedanta Resources

04 Nov 2015

Vedanta Resources net loss widens in H1 FY'16; halts dividend

Vedanta Resources Wednesday reported widening of its net loss to USD 324.5 million in the first half of the current fiscal as the mining conglomerate faced challenging commodities market.

Vedanta Resources

04 Nov 2015

Cairn-Vedanta merger to take place in June 2016, says Group firm

Mining baron Anil Agarwal-led Vedanta Resources Wednesday said the merger of its subsidiaries Vedanta Ltd and cash-rich Cairn India will happen in June quarter of 2016 as against the first quarter stated previously.

15 Sep 2015

Vedanta-Cairn India merger gets BSE, NSE approval

In June, India's largest private miner Vedanta Ltd had announced it will absorb oil firm Cairn India in a USD 2.3 billion all-share deal to create the country's largest diversified natural resources firm.

Vedanta Limited

23 Jul 2015

Vedanta says its Cairn India buyout offer is fair

Mining and energy group Vedanta Limited said on Thursday its offer to buy out minority investors in Cairn India was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy , could scupper the deal.

23 Jul 2015

Cairn India shares gain over 6% on bourses

Shares of Cairn India Thursday gained over 6 percent amid reports that its erstwhile parent firm Cairn Energy may vote against the merger of the company with Vedanta.

21 Jul 2015

Not getting fair value in Cairn-Vedanta merger: Shareholders

Minority shareholders of Cairn India Tuesday raised concern over the company not getting a "fair valuation" in the USD 2.3 billion all-share merger with parent Vedanta Ltd and use of its over Rs 24,000 crore of cash pile.

16 Jun 2015

Anil Agarwal rules out raising offer price for Cairn

Notwithstanding the criticism of minority shareholders of Cairn India getting a raw deal, billionaire Anil Agarwal Tuesday ruled out his debt-ridden mining firm Vedanta Ltd raising the offer to absorb the cash rich oil firm.

Vedanta Resources

15 Jun 2015

Merger to strengthen financial performance of Vedanta Resources: S&P

The proposed merger of two Vedanta Resources firms, Cairn India with Vedanta Ltd, will improve the financial performance of the group company, global agency Standard & Poor's (S&P) said.

15 Jun 2015

Cairn Energy, LIC hold key to Cairn-Vedanta merger

Edinburgh-based Cairn Energy plc and state-owned insurer LIC hold the key to billionaire Anil Agarwal's move to absorb his cash-rich oil firm Cairn India Ltd into debt-laden resources arm Vedanta Ltd.

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