Cairn India’s minority shareholders will own 20.2% in the merged entity and Vedanta’s minority shareholders will hold 29.7%. Mumbai: Cairn India Ltd’s minority shareholders have approved the merger of the company with Vedanta Ltd, accepting the latter’s sweetened share-swap offer. Cairn India shareholders met on Monday. Mint reported on 9 September that LIC will vote in favour of the proposed merger The revised merger terms will earn considerably more for Cairn India shareholders compared with the old offer. Cairn India’s minority shareholders will own 20.2% in the merged entity and Vedanta’s minority shareholders will hold 29.7%.

Source: Mint September 12, 2016 16:07 UTC