Vedanta to buy share of minority stakeholders in Cairn

Q.  Which company has announced its decision to buy the stake of minority shareholders in Cairn India on 13th June’15?
- Published on 19 Jun 15

a. Vedanta
b. Singreni Mines
c. L&T
d. Ingersoll Rand

ANSWER: Vedanta
 
Under this deal Cairn India will get one share in Vedanta Ltd for every held. This will result in merger of Cairn India in Vedanta, a move that is expected to streamline debt-burdened parent Vedanta Resources Plc’s operating structure.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲