Comments
The boards of Vedanta and Cairn India on Friday approved revised terms for the merger of the latter with the former. Accordingly, apart from getting one equity share in the merged entity, Cairn’s minority shareholders will get four redeemable preference shares carrying a rate of 7.5 per cent and tenure of 18 months. Cairn shareholders will also get an implied premium of 20 per cent to the one-month volume weighted average share price.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.