Source - SMW
The equity shareholders of Cairn India Limited have approved the scheme of arrangement of Cairn India Limited with Vedanta Limited. 

Vedanta Resources shareholders' approval for the scheme was announced on 6 September and the Vedanta Limited shareholder approval for the scheme was announced on 9 September.

Vedanta Resources chairman Anil Agarwal said: "The Vedanta Limited - Cairn India merger has been approved by a significant majority by all sets of shareholders, and I am confident that the simplified corporate structure will better align interests between all shareholders for the creation of long-term, sustainable value.

The scheme is now subject to the approval of the jurisdictional High Courts and other regulatory approvals and is expected to be effective by the end of this financial year. 

At 4:11pm: (LON:VED) Vedanta Resources PLC share price was -8.35p at 498.15p

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