Cairn India and Vedanta announce merger

Vedanta Limited and Cairn India Limited recently announced that both companies will merge.

The association was allowed earlier in September, when BSE Limited and the National Stock Exchange of India Limited sent a No Objection letter. The document was issued by the stock exchanges after receiving comments from the Securities and Exchange Board of India.

Vedanta Limited is a diversified natural resources company, whose business primarily involves exploring and processing minerals, oil and gas. The company produces oil and gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.