Vedanta-Cairn India Merger: Tom Albanese of Vedanta Resources PLC & Mayank Ashar of Cairn India
- 9 years ago
The 17,000 crore rupee all-stock deal between Vedanta & Cairn India will have a share swap ratio of 1:1 and will give the debt laden mining major Vedanta access to the oil giant Cairn India's cash reserves. ET NOW's Nisha Poddar caught up with Tom Albanese - CEO, Vedanta Resources Plc and Mayank Ashar - MD & CEO, Cairn India to get a sense of the strategy behind this merger and the way forward for both the companies.