Further, secured creditors and unsecured creditors of the Company, at their respective meetings, have also approved the Scheme with requisi...

Following completion of the transaction, Vedanta Resources' shareholding in its subsidiary Vedanta Ltd will fall to 50.1 per cent from 62.9...

Analysts said the concerns of minority shareholders over the fairness of valuation were also a compelling reason for the decision.

LIC's denial came after some media reports said the insurance giant has given nod to the proposed merger of Cairn with Vedanta.

What surprised most analysts was the worsethan-expected performance of the oil business, which pulled down consolidated profits.

United India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, today said it has not taken any stand on the merger iss...

Vedanta is as such on track to refinance its near-term debt maturities, the company CEO Tom Albanese said.

The meltdown in Chinese market, which has dragged global commodity prices down, has put the Vedanta-Cairn merger plan at risk.

LIC 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...

Large investors and some leading brokerages slammed the proposed merger of Cairn India into Vedanta as a big negative for minority sharehol...

Tom Albanese said he will seek support from minority investors based in India this week and will meet investors in the UK next week.

Access 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 and state-owned insurer LIC hold the key to Anil Agarwal's move to absorb his firm Cairn India Ltd into debt-laden Vedanta...

The 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.

The deal will give much-needed cash to return the debt that is nearing maturities at Vedanta's parent Vedanta Resources.

Cairn CEO Ashar and CFO Sudhir Mathur met Pradhan on Wednesday to brief about the reverse merger planned by billionaire Anil Agarwal.

Separate 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...