Vedanta Shareholders

Billionaire Anil Agarwal'sVedanta Resources Ltd. will seek shareholder approval next week for a plan that could shore up cash flow and help boost bonds due next year, even as credit markets signal longer-term concern about its debt.

In July last year, Vedanta had sweetened its merger proposal to win over minority shareholders.

Last month, Cairn India shareholders approved merger of the company after LIC and Cairn Energy PLC of the UK voted in favour of the sweetened merger ratio.

Rating agencies S&P and Moody's have upgraded Vedanta Resources after Cairn India shareholders cleared the planned merger of the cash-rich oil company with the debt-laden Vedanta Ltd.

Cairn India shareholders on Monday approved merger of the company with its parent Vedanta Ltd after Life Insurance Corporation (LIC) and Cairn Energy plc of UK voted in favour of the sweetened merger ratio.

Shareholders and creditors of mining major Vedanta Ltd have approved the proposal of its merger with its cash-rich arm Cairn India.

Mining conglomerate Vedanta Resources on Tuesday said its shareholders have approved the merger of group firms Vedanta Ltd and Cairn India.

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.

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.

Vedanta Limited on Friday announced a revised offer for Cairn India merger. Under this offer, Cairn India shareholders will get one Vedanta share and 4 redeemable preference shares for each share held.

The Anil Agarwal-led company is a major shareholder at Balco in Chhattisgarh and Jharsuguda plant in Odisha.

With minority shareholders of Cairn India said to be against the merger of the company with parent Vedanta Ltd, Vedanta Group Chairman Anil Agarwal on Thursday hoped he wouldn't have to sweeten the merger offer.

Fund firm Aviva Investors said on Wednesday that it opposed a $2.3-billion plan by Vedanta Ltd to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.

Public sector player United India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, on Tuesday said it has not taken any stand on the merger of Vedanta and Cairn India Ltd.

Mining baron Anil Agarwal-led Vedanta Ltd expects to seek shareholders' approval for the proposed merger of the mining arm with Cairn India by December this year.

Billionaire Anil Agarwal'sVedanta Resources Ltd. will seek shareholder approval next week for a plan that could shore up cash flow and help boost bonds due next year, even as credit markets signal longer-term concern about its debt.

In July last year, Vedanta had sweetened its merger proposal to win over minority shareholders.

Last month, Cairn India shareholders approved merger of the company after LIC and Cairn Energy PLC of the UK voted in favour of the sweetened merger ratio.

Rating agencies S&P and Moody's have upgraded Vedanta Resources after Cairn India shareholders cleared the planned merger of the cash-rich oil company with the debt-laden Vedanta Ltd.

Cairn India shareholders on Monday approved merger of the company with its parent Vedanta Ltd after Life Insurance Corporation (LIC) and Cairn Energy plc of UK voted in favour of the sweetened merger ratio.

Shareholders and creditors of mining major Vedanta Ltd have approved the proposal of its merger with its cash-rich arm Cairn India.

Mining conglomerate Vedanta Resources on Tuesday said its shareholders have approved the merger of group firms Vedanta Ltd and Cairn India.

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.

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.

Vedanta Limited on Friday announced a revised offer for Cairn India merger. Under this offer, Cairn India shareholders will get one Vedanta share and 4 redeemable preference shares for each share held.

The Anil Agarwal-led company is a major shareholder at Balco in Chhattisgarh and Jharsuguda plant in Odisha.

With minority shareholders of Cairn India said to be against the merger of the company with parent Vedanta Ltd, Vedanta Group Chairman Anil Agarwal on Thursday hoped he wouldn't have to sweeten the merger offer.

Fund firm Aviva Investors said on Wednesday that it opposed a $2.3-billion plan by Vedanta Ltd to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.

Public sector player United India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, on Tuesday said it has not taken any stand on the merger of Vedanta and Cairn India Ltd.

Mining baron Anil Agarwal-led Vedanta Ltd expects to seek shareholders' approval for the proposed merger of the mining arm with Cairn India by December this year.