Vedanta Ltd shareholders approve Cairn India merger
Source - SMW
Vedanta Resources subsidiary Vedanta Limited has announced that shareholders have approve the merger with Cairn India Limited.
The equity shareholders, secured creditors and unsecured creditors of Vedanta Limited at their respective meetings approved the scheme of arrangement of Cairn India Limited with Vedanta Limited.
The scheme is now subject to the approval of the jurisdictional High Courts, and other regulatory approvals.
At 1:48pm: (LON:VED) Vedanta Resources PLC share price was -17.25p at 510.75p