16blCairnCol.eps
Shares of Cairn India and Vedanta will remain in focus following receipt of approval from both the exchanges - BSE and NSE - for the proposed merger of its oil and hydrocarbon arm Cairn India with itself.
In June, Anil Agarwal-controlled Vedanta had announced that it will absorb Cairn India in a $2.3-billion all-share deal to create the country’s largest diversified natural resources firm.
Now the role of shareholders LIC and Cairn Plc will be crucial.
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Published on September 15, 2015
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