Cairn India Ltd (CAIL.NS)
26 Sep 2016
** Mining and energy group Vedanta Ltd rises as much as 3.6 pct at 180.80 rupees; Oil producer Cairn India Ltd gains as much as 2.9 pct at 208.95 rupees
* Resolution put to shareholders in relation to proposed merger of Vedanta Ltd and Cairn India Ltd was duly passed on a poll Source text for Eikon: Further company coverage:
Indian shares fell on Monday as state-owned lenders retreated after Urjit Patel was named as the next central bank governor, which was seen as reducing the prospect of rate cuts in the near term and as continuing a push to aggressively clean up bad debt.
* Nifty Bank index down 0.61 pct, PSU Bank Index down 0.8 pct
** Cairn India declines as much as 1.9 pct, while Vedanta Ltd falls as much as 1.1 pct
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_08222016.pdf FACTORS TO WATCH 11:45 am: State Bank of India Chairman Arundhati Bhattacharya and Bank of Baroda MD P.S Jayakumar at Indo-American Chamber of Commerce event in Mumbai. 3:25 pm: Transport Minister Nitin Gadkari to speak at Indo-American Chamber of Commerce event in Mumbai. GMF EMEA LIVECHAT- FX WEEK AHEAD with Reuters FX analyst Je
Aug 19 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
MUMBAI Vedanta Ltd's chief executive said the diversified Indian miner received "constructive feedback" from minority shareholders in Cairn India Ltd to a sweetened buyout offer, and was hopeful it can clinch the long-delayed deal.
* Cairn to accelerate investment in western onshore field -CFO (Adds more details from the interview)
MUMBAI, Aug 19 Vedanta Ltd's chief executive said the diversified Indian miner received "constructive feedback" from minority shareholders in Cairn India Ltd to a sweetened buyout offer, and was hopeful it can clinch the long-delayed deal.