Aviva opposes Cairn India's merger with Vedanta
Opposing Vedanta's all-share merger deal, Aviva said there was "a risk of the Vedanta Group misallocating capital" of oil producer Cairn India to pay off its huge debt.
Aug 06, 2015, 14:25 PM ISTAviva Investors opposes Vedanta Ltd takeover bid for Cairn India
Fund firm Aviva Investors said on Wednesday it opposed a $2.3 billion plan by Vedanta Ltd to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.
Aug 05, 2015, 23:18 PM IST