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VEDANATA GROUP SPOKESPERSON
Cairn India slips over 5% intraday, Vedanta surges 4% on merger newsVedanta is believed to be in the final stages to announce a merger of Cairn India, an oil and gas exploration company, with itself.
Vedanta to merge subsidiary Cairn with itself to help ease debtThe move will give the parent access to Cairn’s cash and help reduce debt, two people aware of the plan told ET.
Vedanta to merge subsidiary Cairn with itself to help ease debtThe move will give the parent access to Cairn’s cash and help reduce debt, two people aware of the plan told ET.