The approval of merger proposal by the shareholders of Vedanta ltd yesterday, brings it closer to an important deal to de-risk businesses and simplify business structure. The deal, first proposed in June’15, attempts to get the best of both worlds for the two entities which would diversify source of earnings for Cairn. Vedanta, in turn, would get access … Continue reading Cairn – Vedanta Merger. Deal Explained..
Results of Corporate India for quarter and year ended March’16 start coming in. The early trend in terms of core results appear quite decent, specially in comparison to earlier quarters’ results. Further, there appears to be an effort to clean up the balance sheet by the companies, probably to act more aggressively, when the next up-cycle … Continue reading Weekly Round Up – Week 17