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 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.

Cairn India, Vedanta Boards to meet on Sunday for merger talks

Last Updated: Saturday, June 13, 2015, 18:40

The Boards of Cairn India and Vedanta Ltd will separately meet Sunday to discuss on the proposed merger of the firms.

Cairn India, Vedanta boards to meet on Sunday amid merger speculation

Last Updated: Saturday, June 13, 2015, 16:22

On Friday, India`s oil minister, Dharmendra Pradhan, told Reuters he had met Cairn executives this week to discuss the potential merger and a source familiar with the matter had said the deal could be announced as early as Sunday.