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Sudhir Mathur News
Vedanta sweetens Cairn merger deal; makes 1+4 offer for shareholders
Sat, Jul 23, 2016
In an attempt to salvage the merger of cash-rich oil firm Cairn India with its debt-laden parent Vedanta Ltd, the company on Friday sweetened the deal by offering three additional preference shares in hope of winning over minority shareholders like Life Insurance Corporation of India (LIC).
Vedanta, Cairn India announce revised terms for the merger
Fri, Jul 22, 2016
The pro-forma ownership in Vedanta Ltd will now be where Vedanta Ltd shareholders have 79.8% and Cairn India shareholders own 20.2%.
Cairn India's CEO Mayank Ashar quits
Sat, May 21, 2016
Appointed CEO in October 2014, Ashar "has decided to step down for personal reasons effective June 5, 2016," Cairn said in a statement.