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.

Cairn CEO meets Pradhan ahead of merger with Vedanta

Last Updated: Friday, June 12, 2015, 18:19

The boards of Cairn India Ltd and Vedanta Ltd are likely to meet on Sunday to consider a 'reverse' merger aimed at cutting debt on Vedanta books.

Govt to hike Cairn's Ravva gas price by 20%

Last Updated: Thursday, June 11, 2015, 14:57

Cairn gets USD 4.3 per million British thermal unit (mmBtu) for gas from Ravva Satellite field.

Cairn India seeks to export oil despite ban

Last Updated: Wednesday, June 10, 2015, 22:06

Cairn India, backed by billionaire Anil Agarwal, did not respond to telephone calls and an email seeking comment about the export notice.

Cairn, Vedanta boards to meet on Sunday to consider merger

Last Updated: Wednesday, June 10, 2015, 18:44

Separate meetings of the boards of Vedanta and Cairn are being called on June 14 in Mumbai to consider an all share merger, sources privy to the development said.

Cairn India recoups loss, shares end 7% up

Last Updated: Wednesday, June 10, 2015, 18:31

Shares of Cairn India bounced back 7 percent Wednesday, a day after it saw selling pressure in the wake of Vedanta merger reports.

Cairn India recoups loss, jumps nearly 6%

Last Updated: Wednesday, June 10, 2015, 13:24

Shares of Cairn India bounced back nearly 6 percent Wednesday, a day after it saw selling pressure in the wake of Vedanta merger reports.

Cairn India shares slip 4.5% on Vedanta merger buzz

Last Updated: Tuesday, June 9, 2015, 18:29

Shares of Cairn India on Tuesday fell by 4.5 percent amid reports that the metals and mining giant Vedanta is considering merging the company with itself.

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.

Cairn India slips nearly 6% on Vedanta merger buzz

Last Updated: Tuesday, June 9, 2015, 13:20

The Cairn India stock fell 5.56 percent to Rs 170.60, its 52-week low, on BSE. On NSE, it was down 5.69 percent at Rs 170.55.

Vedanta acquires 4.98% stake in Cairn India for $ 315 mn

Last Updated: Wednesday, June 3, 2015, 23:30

Vedanta Ltd, formerly Sesa Sterlite, has acquired 4.98 percent stake in Cairn India for USD 315 million from a wholly-owned subsidiary Twinstar Mauritius Holdings (TSMHL).