Mumbai(Sharemasterindia.com): Vedanta Ltd and Cairn India Ltd
shares rose on Monday after Vedanta offered to buy out minorities in
cash-rich oil unit Cairn India in a $2.3-billion (Rs 14,720 crore at 1
dollar = 64 rupees) deal.
Vedanta and Cairn India shares gained about 0.8 per cent each.
As of 9:42 a.m., Vedanta Ltd was trading 0.19 per cent higher at Rs 84.35 apiece on the BSE whereas Cairn India was trading 0.75 per cent lower at Rs 179.40.
Vedanta and Cairn India shares gained about 0.8 per cent each.
As of 9:42 a.m., Vedanta Ltd was trading 0.19 per cent higher at Rs 84.35 apiece on the BSE whereas Cairn India was trading 0.75 per cent lower at Rs 179.40.
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