Sep 12, 2016 09:48 PM IST
Speaking to CNBC-TV18, Vedanta's Chairman Anil Agarwal shared the deal details and his expectations on the timeline for completion of the deal.
- Sep 09, 2016 07:24 PM IST
Vedanta's Chairman Anil Agarwal, says that company has got 100 percent approval from Vedanta shareholders for Cairn India-Vedanta merger. It has done everything that the minority shareholders wanted.
- Sep 06, 2016 06:27 PM IST
The merger will lead to creating a large, well-diversified natural resource company, says Anil Agarwal, Chairman, Vedanta Group.
- Jul 25, 2016 09:10 AM IST
The deal will help Vedanta reduce its net debt, give access to Cairn's cash balance of about USD 3.5 billion, besides giving auxillary benefits such as improvement of credit rating and capex, says Nitesh Jain of Axis Capital.
- Jul 23, 2016 03:44 PM IST
Vedanta wants to create one major behemoth that deals with the entire commodity complex, just as BHP Billiton and Anglo American, says the group's Chairman Anil Agarwal.
- Jul 22, 2016 09:22 PM IST
Prakash Diwan, Market Expert, said this is a significant sweetener of sorts. Cairn India shares have had some stellar performance but there is nothing great about Vedanta currently, he said.
- Jul 22, 2016 06:32 PM IST
Speaking to CNBC-TV18, Anil Agarwal, Chairman of Vedanta Resources said that shareholders will meet in a month's time for the merger proceedings.
- Mar 02, 2016 12:02 PM IST
Mayank Asher, CEO of Cairn India says that 20 percent ad valorem cess will bring slight relief for energy companies.
- Jun 15, 2015 11:42 AM IST
The deal, that experts believe is more beneficial to Vedanta, may be approved by regulators and shareholders by December-end.
- Jun 15, 2015 11:14 AM IST
Tom Albanese, CEO, Vedanta Resources, says he is encouraged by the positive response from analysts and shareholders. He says the ultimate aim is to build a diversified business with a simple structure with each business focussed on long-term growth prospects.
- Jun 15, 2015 10:33 AM IST
Cairn's onshore oil assets are the best in class and from that perspective, it is a disappointment for its shareholders. But with this deal, Vedanta will get access to cash generating assets of Cairn, which will help repair its balancesheet, says Piyush Jain of Morningstar Investment Advisers
- Jun 11, 2015 11:39 AM IST
Amit Tandon, MD of IIaS says at the moment both the companies have taken a big hit given where we are on the commodity cycle and on the oil and gas cycle. "So, the merger is not from a position of strength for either of them," he adds.
- Jun 09, 2015 03:17 PM IST
Vedanta will have a direct access to all these subsidiaries-like Hindustan Zinc and Cairn post the merger, Piyush Jain, Equity Research Analyst - Energy, Industrials and Utilities, Morningstar told CNBC-TV18.
- Jun 09, 2015 11:48 AM IST
Chintan Mehta of Sunidhi Securities says a merger will be beneficial for Vedanta. The merger timing is right for Vedanta as the share prices of both the companies are almost the same.
- Jan 23, 2015 08:16 PM IST
Anil Agarwal, group chairman, Vedanta Resources told CNBC-TV18‘s Menaka Doshi that the company wants to create an Indian natural resources giant, which can compete with the likes of Rio Tinto.
- Jan 12, 2015 04:14 PM IST
Although uncertainty looms in coal sector post deallocations, Tom Albanese, CEO, Sesa Sterlite is encouraged by government's prompt moves on coal block auctions and sees opportunities for demand growth in India, as global oil environment has been incredibly dynamic lately.
- Dec 11, 2014 11:27 AM IST
The company has secured order wins from Cairn India and GAIL of around Rs 140 crore each.
- Dec 03, 2014 11:12 AM IST
Even at current price levels, Cairn India should be able to plough its way very well with a huge resource base with its operating cost for onshore field standing at USD 3.50/bbl, says P Elango, interim CEO of the company.
- Aug 25, 2014 03:57 PM IST
Tom Albanese, MD & CEO, Vedanta said the company would be very happy to participate in the auction process in case the government decides to sell its residual stake in Hindustan Zinc and Hindalco via auction.
- Apr 22, 2013 09:54 PM IST
Former oil secretary GC Chaturvedi, in a reaction to the CCI clearance to 25 oil blocks, told CNBC-TV18 that the decision will boost oil exploration in the country and lure FII interest back to India.
- Sep 30, 2012 11:39 AM IST
Plagued by different controversies at the same time, it has been a tough year for Vedanta group in India. The chairman of the metals conglomerate, Anil Agarwal, however, remains unfazed by the storm.
- Aug 27, 2012 04:49 PM IST
Sudhir Vasudeva, chairman, ONGC explains to CNBC-TV18 that the PSU is hopeful of meeting its annual target of 27.54 mmt. Vasudeva says that the decision to hike diesel prices will be taken only in the second and third quarters when the position of the subsidy becomes clearer.
- Dec 27, 2011 03:43 PM IST
Hasmukh Shah, chairman of Gujarat Gas is worried about the stoppage of further oil and gas production due to delay in decision making by the government.
- Dec 08, 2011 09:45 PM IST
Anil Agarwal, Chairman of Vedanta Group is breathing a sigh of relief after16 months labour. Vedanta today finally acquired a controlling stake in Cairn India, 16 months after announcing this proposed transaction.
- Nov 08, 2011 09:46 AM IST
Oil and Natural Gas Corporation (ONGC) posted a net profit of Rs 8642.23 crore for the quarter ended September 30, 2011. In an interview to CNBC-TV18, Sudhir Vasudeva, chairman of ONGC says, he sees the subsidy burden rising in Q3 and Q4.