Cairn India to merge into Vedanta in $2.3 bn all-share deal
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.
Jun 14, 2015, 14:38 PM IST
Cairn India, Vedanta Boards to meet on Sunday for merger talks
The Boards of Cairn India and Vedanta Ltd will separately meet Sunday to discuss on the proposed merger of the firms.
Jun 13, 2015, 18:40 PM IST
Cairn India seeks to export oil despite ban
Cairn India, backed by billionaire Anil Agarwal, did not respond to telephone calls and an email seeking comment about the export notice.
Jun 10, 2015, 22:06 PM IST
Cairn, Vedanta boards to meet on Sunday to consider merger
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.
Jun 10, 2015, 18:44 PM IST
Cairn India recoups loss, shares end 7% up
Shares of Cairn India bounced back 7 percent Wednesday, a day after it saw selling pressure in the wake of Vedanta merger reports.
Jun 10, 2015, 18:31 PM IST
Cairn India shares slip 4.5% on Vedanta merger buzz
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.
Jun 09, 2015, 18:29 PM IST
Cairn India to merge with Vedanta Ltd; to pare debt
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.
Jun 09, 2015, 18:21 PM IST
Vedanta India to acquire up to 5.33% stake in Cairn India
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.
May 28, 2015, 12:35 PM IST
Vedanta says will work to lift cap on India iron ore output
A mining ban that had been in place in Goa since September 2012 was lifted last year, but the resumption of operations was delayed while the government gave environmental clearance.
May 27, 2015, 15:05 PM IST
Vedanta's Cairn India impairment credit negative: Moody's
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.
May 04, 2015, 18:33 PM IST
Vedanta reports net loss of Rs 19,228.12 cr in Q4
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.
Apr 29, 2015, 22:05 PM IST
Rs 20K crore tax calculated on wrong principles: Cairn to HC
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.
Apr 29, 2015, 19:33 PM IST
Vedanta ropes in Anuradha Dutt as addl independent director
Vedanta on Tuesday appointed prominent lawyer Anuradha Dutt an additional independent director to its board.
Apr 28, 2015, 17:50 PM IST
Vedanta eyeing minority stake in Electrosteel Steels
"There has been initial talks in this matter between Vedanta and Electorsteel, however nothing is finalised yet," a person privy to the matter said.
Apr 26, 2015, 10:49 AM IST
Vedanta slaps Notice of Claims on Government
Billionaire Anil Agarwal-led group said it will take "all necessary steps" to protect interest against the tax notice on Cairn India.
Mar 27, 2015, 21:22 PM IST
Moody's revises Vedanta's outlook to negative
Global rating agency Moody's Monday revised mining major Vedanta's credit outlook to "negative" from "stable" citing adverse impact of weak commodity prices as a major factor for the downward revision.
Jan 19, 2015, 23:29 PM IST
Hindustan Zinc Q3 net profit up 38% at Rs 2,379 crore
Hindustan Zinc Monday clocked a 38 percent rise in net profit in the October-December quarter at Rs 2,379 crore on higher zinc, lead and silver sales.
Jan 19, 2015, 19:11 PM IST
Vedanta chief Agarwal expects to buy HZL, BALCO stakes soon
Banking on Modi government's determination to go ahead with disinvestment drive, Vedanta Resources chief Anil Agarwal said the company expects to pick up residual stakes in Hindustan Zinc and BALCO at "market driven value" soon.
Jan 14, 2015, 17:03 PM IST
Boost iron ore output to propel India's growth: Anil Agarwal
ndia needs to boost iron ore output and invest in developing natural resources to propel its economic growth and eradicate poverty, Vedanta Resources Chief Anil Agarwal said.
Jan 12, 2015, 18:01 PM IST
Vedanta explores merging Cairn, Hindustan Zinc: Anil Agarwal
Mining baron Anil Agarwal is mulling merging cash-cows Cairn India and Hindustan Zinc into his flagship Vedanta Group firm to create a global natural resources giant to rival Rio Tinto or BHP Billiton.
Jan 11, 2015, 15:40 PM IST
