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.
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.
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.
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.
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.
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).
Last Updated: Thursday, May 28, 2015, 12:35
Vedanta India will acquire up to 5.33 per cent stake, worth over Rs 2,200 crore, in its group concern Cairn India next week.
Last Updated: Monday, May 25, 2015, 21:23
Cairn Energy of UK has named former Bulgarian minister and lawyer Stanimir A. Alexandrov as its arbitrator for resolution of the Rs 10,247-crore tax demand the Indian government had slapped on it using retrospective taxation.
Last Updated: Monday, May 18, 2015, 16:22
Cairn India has demanded a change in the pricing formula for crude oil from its prolific Rajasthan block saying the current pricing mechanism does not capture the full value of oil.
Last Updated: Monday, May 4, 2015, 18:33
Ratings agency Moody's Monday said metals and mining major Vedanta Resources' over Rs 19,000 crore impairment in Cairn India is credit negative as it implies a longer pay back period.
Last Updated: Wednesday, April 29, 2015, 22:05
Vedanta Ltd Wednesday reported a consolidated net loss of Rs 19,228.12 crore in the quarter ended March 31 due to impairment charge relating largely to Cairn India acquisition goodwill.
Last Updated: Wednesday, April 29, 2015, 19:33
Cairn India on Wednesday told the Delhi High Court that the Rs 20,495 crore demand slapped on it by the Income Tax department has been calculated on "wrong" principles and it would come to around Rs 5000 crore.
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