Cairn Energy, LIC hold key to Cairn-Vedanta merger

Last Updated: Monday, June 15, 2015, 17:14

Edinburgh-based Cairn Energy plc and state-owned insurer LIC hold the key to billionaire Anil Agarwal's move to absorb his cash-rich oil firm Cairn India Ltd into debt-laden resources arm Vedanta Ltd.

'Frustrated' by Rs 20,495-crore tax demand on Cairn: Vedanta

Last Updated: Sunday, June 14, 2015, 18:21

With its subsidiary Cairn India facing Rs 20,495-crore tax notice, billionaire Anil Agarwal-led Vedanta Group Sunday said it is "frustrated" by the tax demand raised on it using retrospective legislation.

Cairn India to merge with Vedanta Ltd; to pare debt

Last Updated: Tuesday, June 9, 2015, 18:21

The merger will help cut Vedanta's Rs 37,636 crore gross debt by using Rs 16,870 crore cash lying with Cairn as well as over Rs 14,000 crore of cash the firm generates every year.