Sunday 5 July 2015
 
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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.

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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

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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

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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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