Cairn-Vedanta merger: LIC says still not on board

Cairn-Vedanta merger: LIC says still not on board

Financial powerhouse and largest domestic investor LIC today denied having given its nod to the long-pending merger of Cairn India with the parent Vedanta Resources.

LIC, which had expressed concerns over valuation and debt situation of the entity post-merger, owns 9.06 per cent shares in Cairn India as of June quarter and 3.9 per cent in Vedanta as of March Read more

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