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BUZZ- India's Vedanta falls on report of minority shareholders' concerns with merger
July 6, 2015 / 6:03 AM / 2 years ago

BUZZ- India's Vedanta falls on report of minority shareholders' concerns with merger

** Mining and energy group Vedanta Ltd shares fall 4.8 pct

** Head towards biggest daily fall since May 12

** CNBC-TV18 reports citing sources that minority shareholder LIC believes Vedanta-Cairn merger is unfavourable for Cairn India Ltd shareholders

** LIC is working with other minority shareholders and may give a final decision by July 11, CNBC-TV18 reports, citing sources

** CNBC-TV18 Tweets (bit.ly/1H9uDIt)

** London-listed parent Vedanta Resources is looking to merge its India units by offering $2.3 billion to buy out minority shareholders in Cairn India

** Company officials were not immediately reachable for comment

RM: karen.rebelo.thomsonreuters.com@reuters.net

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