Twinstar Mauritius Holdings transfers 4.98% stake in Cairn India for US$ 315 mn
Vedanta (formerly known as Sesa Sterlite/ Sesa Goa) has entered into an agreement with a wholly owned subsidiary, Twinstar Mauritius Holdings (TSMHL), whereby TSMHL has transferred 4.98% of its stake in Cairn India (Cairn India) to Vedanta for a cash consideration of US$315mn.The funds received by TSMHL will be used to service existing debt obligations at TSMHL.
Vedanta's ownership in Cairn India does not change as a result of this share transfer.
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