Table of Contents
- 1 What happened to Cairn India shares?
- 2 When Cairn India merged with Vedanta?
- 3 Who owns Cairn Energy?
- 4 Who owns Cairn Energy India?
- 5 Who is owner of Cairn Energy?
- 6 What is Cairn India case?
- 7 What is the record date for Vedanta-Cairn India share swap?
- 8 What is the pro forma market cap of Vedanta cairn?
Merged entity will have proforma market cap of $15.6 b, free float of 50\% Its official now. Anil Agarwal’s Vedanta Ltd has concluded the merger of Cairn India with itself. In a statement the company announced the effective merger of the two companies on Tuesday.
Is Cairn owned by Vedanta?
“The brand ‘Cairn’ is exclusively owned by Vedanta,” the statement added. Cairn India was later merged into Vedanta Limited in 2017 and renamed as Cairn Oil and Gas. Prachur Sah, Deputy CEO, Cairn Oil & Gas, said, “The disassociation of Cairn Oil & Gas from Scottish company Cairn Energy was always a matter of fact.
When Cairn India merged with Vedanta?
April 27 has been set as record date for the share swap. “Cairn India shareholders as on said record date, who will become shareholders of Vedanta, would also receive an interim dividend of Rs 17.70 per equity share as approved by the Board of Vedanta on March 30, 2017,” the statement said.
Is Cairn and Vedanta same?
Cairn India was an Indian oil and gas exploration and production company, headquartered in Gurgaon, India. The company was merged with Vedanta Limited.
Who owns Cairn Energy?
Cairn Energy
| Type | Public limited company |
|---|---|
| Key people | Simon Thomson (CEO) Nicoletta Giadrossi (Chair) |
| Products | Petroleum, natural gas and other petrochemicals |
| Revenue | $394.7 million (2020) |
| Operating income | $(67.1) million (2020) |
What is redeemable preference share?
Redeemable Preferences shares are those type of preference shares issued to shareholders which have a callable option embedded, meaning they can be redeemed later by the company. It is one of the methods that companies embrace in order to return cash to the existing shareholders of the company.
Who owns Cairn Energy India?
Vedanta Resources
Cairn Oil & Gas vertical of Vedanta Limited/Parent organizations
Who is the owner of Cairn Energy?
Cairn Energy
| Type | Public limited company |
|---|---|
| Industry | Oil and gas |
| Founded | 1981 |
| Headquarters | Edinburgh, Scotland, UK |
| Key people | Simon Thomson (CEO) Nicoletta Giadrossi (Chair) |
Who is owner of Cairn Energy?
What happened Cairn Energy?
In a statement, Cairn Energy PLC said it “plans to change its company name from Cairn Energy PLC to Capricorn Energy PLC, effective from December 31, 2021. The LSE stock ticker will remain as CNE”. This, it said, follows an agreement at the time of the Cairn India IPO in 2006 that the name would ultimately be changed.
What is Cairn India case?
What Is the Case? The Cairn tax dispute began 15 years ago in 2006–2007 after Cairn UK had transferred shares of Cairn India holdings to its counterpart, Cairn India. In 2012, India’s retrospective tax amendment was introduced by the UPA government.
What is the Vedanta-cairn merger all about?
Metal and mining giant Vedanta Ltd and its subsidiary oil explorer Cairn India will merge in an all share swap deal, giving the parent access to Cairn’s $2.7 billion, or about Rs 17,000 crore, cash pile that would help it reduce debt. Independent directors of both the companies, owned by billionaire Anil Agarwal, have approved the merger.
April 27 has been set as record date for the share swap. “Cairn India shareholders as on said record date, who will become shareholders of Vedanta, would also receive an interim dividend of Rs 17.70 per equity share as approved by the Board of Vedanta on March 30, 2017,” the statement said.
What is the record date for determining shareholders of Cairn India?
April 27 has been fixed as the record date for determining the list of the shareholders of Cairn India to whom the equity and preference shares of Vedanta will be allotted. Investors will receive for each equity share held in Cairn India one equity share, and four redeemable Preference Shares in Vedanta.
What is the pro forma market cap of Vedanta cairn?
The merged entity will have a pro forma market cap of $15.6 billion, as per the statement. The merged company would preserve the “Cairn” brand, the two companies said. April 27 has been fixed as the record date for determining the list of the shareholders of Cairn India to whom the equity and preference shares of Vedanta will be allotted.