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VEDANTA CAIRN MERGER
Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titansForeign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national cha...
Expect Cairn-Vedanta merger by this fiscal-end: Anil AgarwalThe merger is now subject to the approval of the jurisdictional High Courts as well as other regulatory approvals.
Cairn India shareholders approve merger with VedantaAt a meeting in Mumbai, 65.41 per cent of the validly voting shareholders, representing 92.86 per cent of value, voted in favour of the mer...
Vedanta shareholders approve sweetened deal to merge CairnFurther, secured creditors and unsecured creditors of the Company, at their respective meetings, have also approved the Scheme with requisi...
Successful merger to be credit positive for Vedanta: Moody'sFollowing completion of the transaction, Vedanta Resources' shareholding in its subsidiary Vedanta Ltd will fall to 50.1 per cent from 62.9...
Vedanta-Cairn merger offer sweetened for shareholders’ nodAnalysts said the concerns of minority shareholders over the fairness of valuation were also a compelling reason for the decision.
Cairn-Vedanta merger: LIC says still not on boardLIC's denial came after some media reports said the insurance giant has given nod to the proposed merger of Cairn with Vedanta.
Why Vedanta shareholders may gain from poor earningsWhat surprised most analysts was the worsethan-expected performance of the oil business, which pulled down consolidated profits.
No decision yet on Cairn-Vedanta deal: United India InsuranceUnited India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, today said it has not taken any stand on the merger iss...
Cairn India merger not for refinancing debts: Vedanta CEO Tom AlbaneseVedanta is as such on track to refinance its near-term debt maturities, the company CEO Tom Albanese said.
Vedanta-Cairn merger at risk as commodities prices fall over Chinese market routThe meltdown in Chinese market, which has dragged global commodity prices down, has put the Vedanta-Cairn merger plan at risk.
Cairn-Vedanta deal: LIC expresses doubts over valuations, debtLIC owns 9.06 per cent in Cairn India, second only to 9.82 per cent of UK's Cairn Energy plc. LIC also has a minority 1.77 per cent holding...
Vedanta-Cairn merger makes investors glum, company says it's a win-win dealLarge investors and some leading brokerages slammed the proposed merger of Cairn India into Vedanta as a big negative for minority sharehol...
Anil Agarwal meets Arun Jaitley; discusses Vedanta-Cairn mergerTom Albanese said he will seek support from minority investors based in India this week and will meet investors in the UK next week.
Cairn India to merge into Vedanta Ltd; board approves mergerAccess to Cairn’s cash pile will help Vedanta repay part of its gross debt of Rs 77,752 crore, and improve its leverage ratio.
Cairn Energy plc, LIC hold key to Cairn-Vedanta mergerCairn Energy plc and state-owned insurer LIC hold the key to Anil Agarwal's move to absorb his firm Cairn India Ltd into debt-laden Vedanta...
Vedanta shareholders to gain at the expense of Cairn India's? Top brokerages' viewsThe deal would give the parent access to Cairn's $2.7 billion, or about Rs 17,000 crore, cash pile that would help it reduce debt.
Analysis: Vedanta-Cairn India merger a positive for shareholdersThe deal will give much-needed cash to return the debt that is nearing maturities at Vedanta's parent Vedanta Resources.
Cairn CEO Mayank Ashar meets oil minister Dharmendra Pradhan ahead of merger with VedantaCairn CEO Ashar and CFO Sudhir Mathur met Pradhan on Wednesday to brief about the reverse merger planned by billionaire Anil Agarwal.
Cairn, Vedanta boards to meet on Sunday to consider mergerSeparate meetings of the boards of Vedanta and Cairn are being called on June 14 in Mumbai to consider an all share merger, sources privy t...