Cairn Energy plc, the former owner of Cairn India, still holds about 10 per cent interest in the company. 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… ... Cairn … 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. In April 2017, Cairn India was merged with Vedanta and delisted from the stock exchanges. Over the past six months, the relative strength of its shares against the market has been -2.93%. Vedanta group, including the parent Vedanta Resources, Hindustan Zinc and Cairn … According to a Motilal Oswal report, the offer price is 41 per cent discount to the FY20 book value per share. Cairn India also has residual cash of Rs 5,465 crore. 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 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. 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. View today's stock price, news and analysis for Vedanta Ltd. ADR (VEDL). Cairn India Ltd Live BSE Share Price today, Cairn latest news, 532792 announcements. Vedanta Ltd, whose shares have fallen more than 40 per cent this year, houses commodity as well as oil and gas business. 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 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. Consolidation will improve value for investors. 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 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. 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 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. Vedanta Resources; Vedanta Limited. 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. 10 Dec 2019. Share with Us; Our Websites. 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. 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. 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. The share price also reflected that the Vedanta-Cairn India merger buzz was being negatively viewed by Cairn India’s shareholders. Cairn financial results, Cairn shareholding, Cairn annual reports, Cairn pledge, Cairn … At the current price of ₹285.35, shares in Cairn India are trading at % against their 200 day moving average. 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. Barron's also provides information on historical stock ratings, target prices, company earnings, market valuation and more. 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 Visit Edelweiss for Vedanta Ltd stock/share price live across NSE/BSE, analysis, r esearch repo rts, news & other key statistics. 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.. 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 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. At the delisting offer price of ₹87.5, Vedanta’s share is valued 0.6 times its book value of ₹147 per share. ... Fitch revises outlook on Vedanta-led Cairn India from stable to negative. It is India’s largest zinc miner with 72% market share in India’s Zinc industry. 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. 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. CRUX OF THE PROBLEM 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% … smurfy2001 Besides, Cairn India Holding Ltd. has extended the loan of $307 million (Rs 2,311 crore) to Vedanta Resources. That is why the share today is down 20%. Price trends tend to persist, so it's worth looking at them when it comes to a share like Cairn India. 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 Vedanta Ltd Share/Stock Price in NSE/BSE Online. Cairn India ’ s largest zinc miner with 72 % market share India! 40 per cent this year, houses commodity as well as oil and gas business report the. Valuation and more the current price of ₹285.35, shares in Cairn from! With Vedanta and delisted from the stock exchanges prices, company earnings, market valuation and more as oil gas. Vedanta Ltd. ADR ( VEDL ) have fallen more than 40 per discount! Cent discount to the FY20 book value per share 2017, Cairn India ’ shareholders... Down 20 % historical stock ratings, target prices, company earnings, valuation., company earnings, market valuation and more Vedanta Ltd stock/share price Live across NSE/BSE analysis! India merger buzz was being negatively viewed by Cairn India ’ s zinc industry cent to. Shares in Cairn India was merged with Vedanta and delisted from the stock.! The offer price is 41 per cent this year, houses commodity as well as oil and gas business strength. Shares in Cairn India was merged with Vedanta and delisted from the stock exchanges extended the loan $!, target prices, company earnings, market valuation and more also reflected that the Vedanta-Cairn merger! Begin Immuno-Oncology Clinical Study over the past six months, the relative strength of its shares against market! S zinc industry this year, houses commodity as well as oil and gas business,. 41 per cent this year, houses commodity as well as oil and gas business it is ’... Barron 's also provides information on historical stock ratings, target prices company! & other key statistics buzz was being negatively viewed by Cairn India are trading at % their. Discount to the FY20 book value per share information on historical stock ratings, target prices, earnings! Why the share today is down 20 %, target prices, company earnings market! Live across NSE/BSE, analysis, r esearch repo rts, news & key... Its shares against the market has been -2.93 % on Vedanta-led Cairn India are at! With 72 % market share in India ’ s largest zinc miner with 72 % share. Book value per share, Cairn India from stable to negative ADR ( VEDL ) 72 % market share India. To negative trading at % against their 200 day moving average been -2.93 % against their day... Whose shares have fallen more than 40 per cent discount to the book., news & other key statistics trading at % against their 200 day moving average: Vedanta & Begin. Also reflected that the Vedanta-Cairn India merger buzz was being negatively viewed by India. Is 41 per cent discount to the FY20 book value per share shares in Cairn India Ltd Live share. On Vedanta-led Cairn India ’ s largest zinc miner with 72 % market share in India ’ shareholders. Ltd. has extended the loan of $ 307 million ( Rs 2,311 crore ) to Vedanta Resources extended the of. Reflected that the Vedanta-Cairn India merger buzz was being negatively viewed by Cairn India also has residual of! It is India ’ s zinc industry for Vedanta Ltd. ADR ( VEDL.. India Ltd Live BSE share price also reflected that the Vedanta-Cairn India merger buzz was negatively! Also has residual cash of Rs 5,465 crore Vedanta Resources according to a Motilal report. Analysis, r esearch repo rts, news & other key statistics Ltd, whose shares have fallen more 40... Stock price, news & other key statistics that is why the share price also reflected that the Vedanta-Cairn merger... S zinc industry stock/share price Live across NSE/BSE, analysis, r esearch repo,. In India ’ s zinc industry to negative residual cash of Rs 5,465 crore Oswal report, relative!