| Vedanta Ltd has informed BSE that the Board of Directors of Vedanta Limited ('Vedanta') at its meeting held on June 14, 2015, has approved the merger of Cairn India Limited ('Cairn') with Vedanta.
A copy of the press release issued by the Company explaining, inter-alia, the transaction highlights, rationale and overview of the steps involved and the share - exchange ratio, titled 'Merger of Vedanta Limited and Cairn India Limited' is enclosed herewith.
Cairn India Ltd has informed BSE that the Board of Directors of Cairn India Limited ('Cairn') at its meeting held on June 14, 2015, has approved the merger of Cairn with Vedanta Limited ('Vedanta').
A copy of the press release issued by the Company explaining, inter alia, the transaction highlights, rationale, overview of the steps involved and the share - exchange ratio, titled 'Merger of Vedanta Limited and Cairn India Limited' is enclosed herewith.
Cairn India Ltd has informed BSE that Cairn India Limited ('Cairn') and Vedanta Limited ('Vedanta') have on June 24, 2015 filed the Scheme of Arrangement along with other requisite documents with BSE Limited and the National Stock Exchange of India Limited, for their approvals. Scheme of Arrangement together with documents mentioned in SEBI Circular No. CIR/CFD/DIL/5/2013 have been uploaded on the website of Cairn at https://www.cairnindia.com/investors/scheme -arrangement and website of Vedanta at http://www.vedantalimited.com/investor-relations/shareholder-information. aspx?category=Merger_CairnwithVedanta.
(As Per BSE Announcement Dated on 25.06.2015)
Vedanta Ltd has informed BSE regarding a Press Release dated September 15, 2015, titled 'Update on Merger of Cairn India Limited with Vedanta Limited'.
Cairn India Ltd has informed BSE regarding a Press Release dated September 15, 2015 titled 'Update on Merger of Cairn India Limited with Vedanta Limited'.
(As Per BSE Announcement Dated on 15/09/2015)
Cairn India Ltd has informed BSE regarding Presentation - Updates on merger of Cairn India Limited with Vedanta Limited.
Cairn India Ltd has informed BSE regarding Press Release - Update on merger of Cairn India Limited with Vedanta Limited.
(As per BSE Announcement dated on 22.07.2016)
Vedanta Ltd has informed BSE regarding a Press Release dated September 09, 2016 title 'Vedanta Limited Shareholders Rapprove merger of Cairn India Limited with Vedanta Limited'.
(As per BSE Announcement dated on 09.09.2016)
Cairn India Ltd has informed BSE regarding the details of Voting results of Court Convened Meeting & Postal Ballot, under Regulation 44(3) of SEBI (LODR) Regulations, 2015 along with Scrutinizer's Report.
Further, the Company has issued a copy of Press Release dated September 12, 2016 titled 'Shareholders approve merger of Cairn India Limited with Vedanta Limited'.
(As Per BSE Announcement Dated on 12.09.2016)
The Company has now received all the required approvals in relation to the Scheme of Arrangement between Vedanta Limited and Cairn India Limited, and their respective shareholders and creditors ('Scheme'), save and except the approval of Reserve Bank of India for issuance of Redeemable Preference Shares to the Non-resident shareholders of Cairn India Limited. The Scheme will be made effective and record date for issue of the Company shares pursuant to the Scheme, would be set upon receipt of the said approval of Reserve Bank of India.
(As Per BSE Announcement Dated on 28.03.2017)
Effectiveness of Merger of Cairn India Limited with Vedanta Limited
(As per BSE Announcement dated on 11.04.2017)
Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation as sanctioned by the Mumbai Bench of the Hon'ble National Company Law Tribunal between Cairn India Ltd with Vedanta Limited, Vedanta Limited has intimated the Record Date to determine the entitlement of shareholders of Cairn India Ltd to equity shares of Vedanta Limited.
Trading Members are advised not to deal in the equity shares of Cairn India Ltd with effect from the under mentioned date:
COMPANY NAME CODE
Cairn India Ltd
(532792; 632792)
RECORD DATE
27/04/2017
PURPOSE
The Scheme of Amalgamation: -
Upon the Scheme becoming effective and in consideration of the Amalgamation of Cairn India Ltd into Vedanta Limited, Vedanta Limited shall issue and allot Equity Shares to the shareholders of Cairn India Ltd in the following share exchange ratio:
'1 equity share of Vedanta Limited for every 1(ONE) equity Share held in Cairn India Ltd'.
AND
'4 (FOUR) 7.5% Redeemable preference shares of Vedanta Limited for every 1(ONE) equity Share held in Cairn India Ltd'.
AND
INTERIM DIVIDEND OF Rs. 17.70/- per equity share
NO DEALINGS FROM
26/04/2017 DR-018/2017-2018
Trading Members of the Exchange are requested to take note of the above.
(As Per BSE Notice Dated on 12.04.2017)
Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation as sanctioned by the Mumbai Bench of the Hon'ble National Company Law Tribunal between Cairn India Ltd with Vedanta Limited, Vedanta Limited has intimated the Record Date to determine the entitlement of shareholders of Cairn India Ltd to equity shares of Vedanta Limited.
Trading Members are advised not to deal in the equity shares of Cairn India Ltd with effect from the under mentioned date:
COMPANY NAME CODE
Cairn India Ltd
(532792; 632792)
RECORD DATE
27/04/2017
PURPOSE
The Scheme of Amalgamation: -
Upon the Scheme becoming effective and in consideration of the Amalgamation of Cairn India Ltd into Vedanta Limited, Vedanta Limited shall issue and allot Equity Shares to the shareholders of Cairn India Ltd in the following share exchange ratio:
'1 equity share of Vedanta Limited for every 1(ONE) equity Share held in Cairn India Ltd'.
AND
'4 (FOUR) 7.5% Redeemable preference shares of Vedanta Limited for every 1(ONE) equity Share held in Cairn India Ltd'.
AND
INTERIM DIVIDEND OF Rs. 17.70/- per equity share
NO DEALINGS FROM
26/04/2017 DR-018/2017-2018
Trading Members of the Exchange are requested to take note of the above.
(As Per BSE Notice Dated on 12.04.2017)
Vedanta Ltd has informed BSE that the Board of director of the Vedanta Limited has fixed Record Date as April 27, 2017 for the purpose of determining the list of the shareholders of the Cairn India Limited to whom the equity and preference shares of Vedanta will be allotted as per terms of the Scheme. Cairn India shareholders as on said record date, who will become shareholders of Vedanta, would also receive as interim dividend of Rs. 17.70 per equity share as approved by the Board of Vedanta on March 30, 2017.
(As per BSE Announcement dated on 13.04.2017)
Allotment Committee of the Board of Directors have approved allotment of shares of Vedanta Limited ('Vedanta') to the shareholders of Cairn India Limited ('Cairn') pursuant to the Scheme of Arrangement approved by the National Company Law Tribunal Bench at Mumbai vide Order dated March 23, 2017.
(As Per BSE Announcement Dated On 28/04/2017)
We refer to our letter dated April 28, 2017 bearing number VEDL/Sec./SE/17-18/12 informing you about the allotment of shares of Vedanta Limited pursuant to the Scheme of Arrangement between the Company and Cairn India Limited.
In furtherance of the aforesaid letter, please find enclosed herewith the press release in respect of listing of Redeemable Preference Shares of Vedanta Limited on BSE Limited and the National Stock Exchange of India Limited.
This is for your information and record.
(As Per BSE Announcement Dated on 08.08.2017) | | Powered by Capital Market - Live News |
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