Anil Agarwal rules out raising offer price for Cairn

Last Updated: Tuesday, June 16, 2015, 20:58

Notwithstanding the criticism of minority shareholders of Cairn India getting a raw deal, billionaire Anil Agarwal Tuesday ruled out his debt-ridden mining firm Vedanta Ltd raising the offer to absorb the cash rich oil firm.

I-T dept to defend Rs 20,495-cr tax claim on Cairn India

Last Updated: Tuesday, June 16, 2015, 17:50

The Income Tax Department will defend the Rs 20,495-crore tax claim it has made on Cairn India even after the company is merged with its parent Vedanta Ltd.

Merger to strengthen financial performance of Vedanta Resources: S&P

Last Updated: Monday, June 15, 2015, 22:22

The proposed merger of two Vedanta Resources firms, Cairn India with Vedanta Ltd, will improve the financial performance of the group company, global agency Standard & Poor's (S&P) said.

Anil Agarwal meets Arun Jaitley; discusses Vedanta-Cairn merger

Last Updated: Monday, June 15, 2015, 21:48

Keen to get LIC support for his debt-ridden miner Vedanta Ltd absorbing cash-rich Cairn India, billionaire Anil Agarwal Monday met Finance Minister Arun Jaitley to explain the merger that hinges on minority shareholder support.

Cairn India climbs 4%, post $2.3-bn Vedanta deal

Last Updated: Monday, June 15, 2015, 18:08

Shares of Cairn India ended with nearly 4 percent gains Monday following the decision to merge the oil firm with private miner Vedanta Ltd in a USD 2.3-billion deal.

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.

'Vedanta to be accountable for Cairn's $3.2 billion tax demand'

Last Updated: Monday, June 15, 2015, 16:12

The I-T Department had in March imposed a tax demand of Rs 20,495 crore on Cairn India for failing to deduct withholding tax on alleged capital gains made by its erstwhile promoter, Cairn Energy.

Cairn India, Vedanta shares jump on $2.3 bn deal

Last Updated: Monday, June 15, 2015, 12:52

Cairn India went up 3.54 percent to Rs 187.15 on BSE. Shares of Vedanta too climbed 2.82 percent to Rs 189.20 on BSE.

Cairn India, Vedanta shares rise after $2.3 billion deal

Last Updated: Monday, June 15, 2015, 10:19

Shares of Vedanta Ltd and Cairn India Ltd rose on Monday after Vedanta offered to buy out minorities in cash-rich oil unit Cairn India in a USD 2.3 billion deal.

'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 into Vedanta in $2.3 bn all-share deal

Last Updated: Sunday, June 14, 2015, 14:38

In its biggest consolidation, billionaire Anil Agarwal's group Sunday announced merger of its cash-rich oil company Cairn India with parent Vedanta to cut debt at the struggling resources arm.