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Cairn India, Vedanta shares rise after $2.3 billion deal

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Reuters MUMBAI
Last Updated : Jun 15 2015 | 9:57 AM IST

MUMBAI (Reuters) - Shares of Vedanta Ltd and Cairn India Ltd rose on Monday after Vedanta offered to buy out minorities in cash-rich oil unit Cairn India in a $2.3 billion deal.

Vedanta and Cairn India shares gained about 0.8 percent each.

(Reporting by Swati Bhat and Devidutta Tripathy; Editing by Subhranshu Sahu)

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First Published: Jun 15 2015 | 9:49 AM IST

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