BRIEF-Vedanta Ltd says merger with Cairn India effective as on April 11

  • Reuters
  • Stock Market News
BRIEF-Vedanta Ltd says merger with Cairn India effective as on April 11
Credit: © Reuters.

April 11 (Reuters) - Vedanta Limited:

* Says merger of Cairn India Limited (NS: CAIL ) with Vedanta Limited effective as on April 11

* Says shareholders of Cairn India will receive interim dividend of INR 17.70 per share

* For each share held , Cairn India shareholders will get one share in Vedanta

* For each share held , Cairn India shareholders will get 4 7.5 percent redeemable preference share in Vedanta

* Says no shares would be issued to co and units for shareholding in Cairn India

* Co will arrange for a 3rd party facility enabling cash exit for rps holders at par within 30 days from issuance Source text: Further company coverage: CAIL.NS

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