Vedanta Sweetens Cairn India Deal Terms After Takeover Delayed

 Vedanta Ltd has offered to sweeten the terms for taking over subsidiary Cairn India Ltd after an initial bid had been stymied for a year.

Under the new offer, Vedanta will give one share and four redeemable preference shares for each share in Cairn India, the company controlled by mining and metals tycoon Anil Agarwal said in a statement on Friday.

Earlier it was offering one share and one redeemable preference share for each Cairn share. more......