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Vedanta jumps on concluding merger of Cairn India with itself

12 Apr 2017 Evaluate

Vedanta is currently trading at Rs. 259.15, up by 6.40 points or 2.53% from its previous closing of Rs. 252.75 on the BSE.

The scrip opened at Rs. 255.90 and has touched a high and low of Rs. 262.60 and Rs. 255.00 respectively. So far 688371 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 278.00 on 03-Apr-2017 and a 52 week low of Rs. 89.40 on 12-Apr-2016.

Last one week high and low of the scrip stood at Rs. 274.50 and Rs. 252.25 respectively. The current market cap of the company is Rs. 76637.35 crore.

The promoters holding in the company stood at 62.86%, while Institutions and Non-Institutions held 23.80% and 9.28% respectively.

Vedanta has concluded the merger of Cairn India with itself. The merged company will have a larger proforma market cap of $15.6 billion, and a higher free float of 49.9 per cent. The company has fixed April 27 as the record date for determining the list of shareholders of Cairn India to whom the equity and preference shares of Vedanta will be allotted as per the scheme.

The shareholders of Cairn India will receive for each equity share held, one equity share of Vedanta of face value Rs 1 each and four 7.5 per cent Redeemable Preference Share in Vedanta with a face value of Rs 10 each.

Moreover, the Cairn India’s shareholders as on the said record date, who become shareholders of Vedanta will receive an interim dividend of Rs 17.70 per equity share.

Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.

Vedanta Share Price

780.05 -7.55 (-0.96%)
20-Apr-2026 11:38 View Price Chart
Peers
Company Name CMP
Hindalco 1019.80
Vedanta 780.05
Hindustan Zinc 587.50
Jain Resource Recycl 409.50
Gravita India 1679.85
View more..

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