Thursday 21 June 2018
Cairn India

Cairn India, Vedanta boards to discuss merger

The boards of oil company Cairn India and its parent, Vedanta will meet on Sunday to discuss a potential merger, both companies said. Vedanta is the operating unit of London-listed mining and energy group Vedanta Resources.


Sri Lanka finds natural gas offshore

Sri Lankan President Mahinda Rajapaksa on Sunday said natural gas has been found off the Indian Ocean island nation, in a well Cairn India said required more exploration to see if it is commercially viable. Cairn, a subsidiary of London-li


Vedanta seals $6bn Cairn India finance deal

India-focused mining group Vedanta Resources agreed a $6 billion financing deal with a consortium of banks to help fund its proposed acquisition of a majority stake in the Indian unit of Cairn Energy. London-listed Vedanta said in a statem


Vedanta nears $8bn Cairn deal

India-focused miner Vedanta Resources is close to a deal to buy a 51 per cent stake in Cairn India for $8 billion to $8.5 billion, a source familiar with the matter said. The deal would represent Vedanta's first foray into oil and gas,

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