Cairn Deal

To Make India Pay $1.2 Billion Award, Cairn Files Case In US

Business | Reuters | Tuesday February 16, 2021

Cairn asked the US court to recognise and confirm the award, including payments due since 2014 and interest compounded semi-annually, according to a February 12 filing

Response From Cairn India Shareholders Positive: Vedanta CEO On Merger

Business | Reuters | Friday August 19, 2016

Vedanta Ltd's chief executive said the diversified Indian miner received "constructive feedback" from minority shareholders in Cairn India Ltd to a sweetened buyout offer, and was hopeful it can clinch the long-delayed deal.

Vedanta Merger: Cairn Calls Shareholders' Meeting On September 12

Business | Press Trust of India | Thursday August 11, 2016

Cairn India has called a shareholders' meeting on September 12 to seek approval for the company's takeover by its parent Vedanta Ltd under a revised all-share deal.

Cairn to Seek $700-Million Compensation From Government

Business | Press Trust of India | Thursday December 10, 2015

British energy giant Cairn Energy has said it will seek about $700 million in compensation from the government for the loss of value of its shareholding in Cairn India suffered since their attachment nearly two years ago over a tax dispute.

Cairn deal boosts miner Vedanta's core profit

Business | Thursday May 17, 2012

The company took a majority stake in Cairn India last year in an $8.7 billion deal, which is now reaping benefits to the tune of a 13% increase in full-year core profit.

Vedanta raises $1.65 billion to part-finance Cairn deal

Business | NDTV Correspondent | Saturday November 26, 2011

Vedanta Resources today said it has raised $1.65 billion (Rs 7,425 crore) through private placement of bonds to part-finance its $9.4 billion acquisition of Cairn India. "This is a landmark transaction and represents largest non banking corporate bond issuances by an Indian group," the company, led by NRI industrialist Anil Agarwal, said in ...

Vedanta plans to raise $1.5 billion to part-fund Cairn deal

Business | NDTV Correspondent | Saturday November 26, 2011

NRI-billionaire Anil Agarwal-promoted firm Vedanta Resources today said it plans to raise up to $1.5 billion through private placement of bonds to part-finance its $ 9.4-billion acquisition of Cairn India. The company would also launch a global road show from May 23 for bond placement, which may be offered in one or more tranches, Vedanta sa...

*Oil secy says regulatory approvals for Cairn deal will take a mo

Business | NDTV Correspondent | Wednesday November 23, 2011

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*ONGC head examining legal, contractual implications of Cairn deal

Business | NDTV Correspondent | Wednesday November 23, 2011

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*ONGC head on Cairn deal: Can't share details on strategic reasons

Business | NDTV Correspondent | Wednesday November 23, 2011

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Wait gets longer, Cairn deal deadline extended

Business | NDTV Correspondent | Saturday October 29, 2011

The eight-month old chase of Cairn India by Vedanta just got longer on Thursday. The two firms have now extended the deadline for the $9.6-billion deal to May 20. However, the deal may face other uncertainties before the transaction is sealed. A day after the Cabinet passed the buck on giving a clearance to the Vedanta's acquisition of Cairn...

Cairn deal gets SEBI nod; open offer soon

Business | NDTV Correspondent | Saturday October 29, 2011

UK-based Vedanta Group on Tuesday said it has received market regulator SEBI's nod for a $9.6-billion deal to acquire a 51 per cent stake in Cairn India and will launch an open offer soon. "We have already received SEBI's approval for an open offer. The issue will open very soon. Within the next one to two days, we will send out the mails re...

Cairn deal: Moily endorses SGI's view on royalty

Business | NDTV Correspondent | Saturday October 29, 2011

In a possible deal breaker, the law ministry wants the government to approve Vedanta Resources' $9.6-billion acquisition of Cairn India only if the London-listed mining group agrees to equitably share royalty on oil produced from Rajasthan oilfields. Law minister M Veerappa Moily has endorsed the opinion of the Solicitor General of India, th...

Cairn deal not yet okayed, issue under process: Sebi

Business | NDTV Correspondent | Saturday October 29, 2011

The Securities & Exchange Board of India (Sebi) on Monday said it has not yet cleared Vedanta group's open offer for Cairn India, a mandatory requirement for conclusion of London-based mining group's $9.6 billion acquisition to foray into oil sector. Sebi's official website this afternoon showed that the regulator has cleared Vedanta group's...

Vedanta sure of Cairn deal going through

Business | NDTV Correspondent | Saturday October 29, 2011

Amidst Oil Ministry taking Vedanta Resources' acquisition of Cairn India to the Cabinet for approval, the London-listed mining group on Friday said the $9.6 billion will go through. Vedanta Chairman Anil Agarwal on Friday met Oil Secretary S Sundareshan to discuss the approval process. "This was a courtesy call... The meeting was very c...