The Indian government seized the remaining shares in 2014 after the tax complaint was made, as well as dividends Vedanta owed to Cairn Energy for its holdings in the Indian firm. Vedanta is said to be wanting to use Rs 23,290 crore cash lying with Cairn to pay off part of its Rs 77,952 crore debt. Cairn India Holdings Ltd, a 100 per cent subsidiary of Vedanta, has provided a loan of ₹2,311 crore to promoter entity Vedanta Resources (Ved Plc) … At the delisting offer price of ₹87.5, Vedanta’s share is valued 0.6 times its book value of ₹147 per share. The share price also reflected that the Vedanta-Cairn India merger buzz was being negatively viewed by Cairn India’s shareholders. Today the company announced that "each Cairn India minority shareholder will receive for each equity share held one equity share in Vedanta Ltd and four Redeemable Preference Shares with a face value of Rs 10 in Vedanta Ltd, with a coupon of 7.5 … London Stock Exchange-listed Vedanta Resources PLC, India's biggest diversified natural-resources company, agreed to combine two of its Indian listed businesses — Vedanta Ltd. and Cairn India Ltd. in an all-share deal that frees up billions in cash for the debt-laden company and simplifies the group's structure. Compared with the closing price of the Vedanta scrip on the BSE on Monday, the indicative offer price represents a premium of almost 10 per cent. Vedanta Share Price, Vedanta Stock Price, Vedanta Ltd. Stock/Share prices, Vedanta Ltd. Live BSE/NSE, F&O Quote of Vedanta Ltd. with Historic price charts for NSE / BSE. Anil Agarwal-led Vedanta’s oil and gas division Cairn has seen three high-profile exits in the past three months, of which two, including chief executive Sudhir Mathur and chief financial officer Pankaj Kalra resigned last week. CRUX OF THE PROBLEM The Mumbai-listed oil producer’s share price jumped as much as 10% Thursday after the Financial Times reported that key minority shareholder Cairn Energy CRNCY -2.84% may block Vedanta… Private firms have a share of over a quarter of the country’s crude oil output, more than 90% it comes from Vedanta-owned Cairn assets in Rajasthan, Andhra Pradesh and Gujarat. Vedanta Ltd, Cairn India and Vedanta Resources plc has revised the final terms of merger of Vedanta Ltd and Cairn India considering the prevailing equity market conditions.. View today's stock price, news and analysis for Vedanta Ltd. ADR (VEDL). Vedanta jumps 11% as Cairn Energy wins high-profile case against Govt in an international tribunal Dec 23,2020 Vedanta Ltd Spurts 2.32%, S&P BSE Metal index Gains 1.63% Dec 22,2020 Vedanta Ltd, whose shares have fallen more than 40 per cent this year, houses commodity as well as oil and gas business. Vedanta group, including the parent Vedanta Resources, Hindustan Zinc and Cairn … Vedanta Ltd Share/Stock Price in NSE/BSE Online. VEDANTA LTD (NSE:) : Stock quote, stock chart, quotes, analysis, advice, financials and news for share VEDANTA LTD | NSE India Stock Exchange: | NSE India Stock Exchange However, after a few hours, Cairn India was down 2 per cent at ₹177, while Vedanta was down 1.4 per cent at ₹181.5. Cairn India shareholders who will become shareholders of Vedanta will also receive an interim dividend of Rs17.70 per equity share as approved by the board of Vedanta on 30 March. Cairn Oil and Gas; Vedanta Aluminium; Talwandi Sabo Power; Sterlite Copper; Sesa Goa Iron Ore; Hindustan Zinc Limited; BALCO; Zinc International; Electrosteel Steels Limited; Konkola Copper Mines; Reach Us Cairn India also has residual cash of Rs 5,465 crore. 10 Dec 2019. Vedanta is said to be wanting to use Rs 23,290 crore cash lying with Cairn to pay off part of its Rs 77,952 crore debt. Price trends tend to persist, so it's worth looking at them when it comes to a share like Cairn India. Vedanta Share Price Vedanta Ltd. is a global diversified natural resources company that majorly deals in aluminium, zinc, silver, oil and gas, iron ore, copper, lead, and commercial power. smurfy2001 Share with Us; Our Websites. In a regulatory filing on Friday, Vedanta Ltd said each Cairn India minority shareholder will get one equity share in the company and four redeemable preference shares with a face value of Rs 10, with a coupon of 7.5% … Vedanta Resources; Vedanta Limited. The promoter of this company tried to cheat the retail investors by trying to delist this share at a very low price but fortunately failed. Mr Agarwal said he would not rein in a $4.5bn investment plan for Vedanta’s oil exploration arm, Cairn Oil and Gas, aimed at more than doubling production to 450,000 barrels per day in two years. Get Vedanta Ltd live share price, market data, market depths, charts, news, fundamentals, derivatives, market capitalisation & performance and other company details. PureTech Health : Vedanta & BMS Begin Immuno-Oncology Clinical Study. In April 2017, Cairn India was merged with Vedanta and delisted from the stock exchanges. Cairn India Ltd Live BSE Share Price today, Cairn latest news, 532792 announcements. CAIRN INDIA: Get the latest CAIRN INDIA Share price and stock price updates, live NSE/BSE share price, share market reports, financial report, balance sheet, price charts, financial forecast news and quotes only at Equitymaster.com The mining baron is looking to de-list the entity from the domestic bourses as it announced plans to acquire the shares held by the public at a price of Rs 87.5 per share. Barron's also provides information on historical stock ratings, target prices, company earnings, market valuation and more. Get the latest VEDANTA - 7.5% NCRPS stock price updates: VEDANTA - 7.5% NCRPS live share price, financial results, financial report & balance sheet, and price charts only at Equitymaster.com Cairn Energy plc, the former owner of Cairn India, still holds about 10 per cent interest in the company. Visit Edelweiss for Vedanta Ltd stock/share price live across NSE/BSE, analysis, r esearch repo rts, news & other key statistics. As per media reports, indicators are suggesting that discovered delisting price for Vedanta Limited could be ~3.5-4.5x of the floor price of Rs87.3/share, which translates into much higher price as compared to its CMP of Rs138. ... Cairn … It is India’s largest zinc miner with 72% market share in India’s Zinc industry. Cairn financial results, Cairn shareholding, Cairn annual reports, Cairn pledge, Cairn … Over the past six months, the relative strength of its shares against the market has been -2.93%. That is why the share today is down 20%. In June last year, Vedanta had offered shareholders of Cairn India one ordinary share and 7.5 per cent redeemable preference share with a face value of Rs 10 each. ONGC holds 30 per cent interest in the block while Cairn Oil & Gas, a unit of Vedanta Ltd, is the operator with a 70 per cent stake. At the current price of ₹285.35, shares in Cairn India are trading at % against their 200 day moving average. Vedanta Resources; Vedanta Limited. Consolidation will improve value for investors. Besides, Cairn India Holding Ltd. has extended the loan of $307 million (Rs 2,311 crore) to Vedanta Resources. Vedanta announced that the Allotment Committee of Board of Directors of the company at its meeting held on 28 April 2017 has allotted 725,500,000 equity shares of Re 1 each and 3,010,000,000 Non Convertible Non Cumulative Redeemable Preference Shares of Rs 10 each to shareholders of erstwhile Cairn India under scheme of arrangement. That time, it was announced that shareholders of Cairn India will get one ordinary share and 7.5 per cent redeemable preference share of Vedanta Ltd with a face value of Rs 10. According to a Motilal Oswal report, the offer price is 41 per cent discount to the FY20 book value per share. ... Fitch revises outlook on Vedanta-led Cairn India from stable to negative. Share with Us; Our Websites. 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