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India: Vedanta confident of closing Cairn merger

 |  July 12, 2015

Billionaire Anil Agarwal-led mining firm Vedanta is confident of closing the merger deal with Cairn India by March 2016, a top executive said today.

“We are in regular touch with the shareholders of both the companies and the response has been very encouraging. The market has embraced the proposed merger and we are confident that the shareholders will approve the decision,” Tom Albanese, CEO of Vedanta told PTI on the sidelines of the company’s 50th Annual General Meeting.

He termed the merger as a “win-win for shareholders of both the companies.”

“We are very much confident that it will get completed as per the timeline announced by fourth quarter of this fiscal year,” he added.

Full content: The Economic Times

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