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Vedanta Cairns India Deal
Vedanta Cairns India Deal
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] Cairn India
] Deal Structure
] Synergies
] Current Status
Vedanta Group«a Glance
Ô Vedanta is an UK based, LSE ± listed metals and mining company.
Ô Vedanta are primarily engaged in copper, zinc, aluminum and iron ore
businesses, and are also developing a commercial power generation
business.
Ô Consolidating our corporate structure and increasing our direct ownership of our
Ô Seeking further growth and acquisition opportunities where we can leverage our
Kingdom.
Ô Its largest activities are in India, where it has made more than 20
240,000 bopd.
Ô Put and call options, exercisable after July 2012 and July 2013, to
Cairn India.
Ô For each Cairn India share subject to the Proposed Transaction, Vedanta
agreement)
$8.5bn to $9.6bn.
Q1 2011
Transaction Details
Ô Vedanta Group to acquire between 51% - 60% of Cairn India via the
following steps.
Ô If Sesa Goa¶s open offer is not fully taken up, it will purchase
Ô Put and call options written to enable either Vedanta or Cairn Energy to
Ô Funding
tenure.
programmes
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Pre-Acquisition Impact
Ô Shares in Cairn India ended up 1.7 percent at 338.65 rupees in the main
Mumbai market which was almost flat. had risen as much as 2.4 percent
earlier in the day, after falling sharply on Monday when the deal was
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Post Acquisition Impact
Ô Cairn¶s strategy is to establish commercial reserves from strategic
Ô Cairn has focused on gaining early entry into frontier basin plays such as
territories of:
Ô Bhutan
Ô Sri Lanka
Ô Pakistan
Ô India
pursuant to which Cairn has agreed that, for a period of three years,
Current Status and Post Impact of
the deal on 17 SEP µ10
Ô Regulatory approval for London-based Vedanta Resources' deal to buy a
controlling stake in Cairn India, a unit of the UK's Cairn Energy, will take
Ô Cairns have sought the approval of shareholders for the deal & expects
India".
exchanges stating that Cairn Energy needs its nod for the Vedanta deal.
Cairns may also have to disclose the letters it has received from the
ministry.
Glossary
Ô 2P - Proven plus Probable reserves.
Ô 2C - Contingent resources.
Ô E R - Enhanced il Recovery.