Deal Insight
PETRONAS sells its 14.94% stake in Cairn India to Vedanta (10.4%) and private investors (4.54%)
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Report summary
PETRONAS has announced the divestment of its 14.94% stake in Cairn India for a total sale price of US$2.1 billion. The majority, a 10.4% stake, has been acquired by Sesa Goa, a subsidiary of Vedanta Resources. The sale is a separate transaction from Vedanta's proposed acquisition of a controlling stake in Cairn India from Cairn Energy, but will have implications for the wider move. Pending the exact outcome of its deal with Cairn Energy, Vedanta will now ultimately control between ...
Table of contents
- Executive summary
- Transaction details
-
Deal analysis
- Background - the original deal terms
- The current state of affairs and potential outcomes
Tables and charts
This report includes 3 images and tables including:
- Previous potential equity structure; Scenarios 1 and 2
- New potential equity structure; Scenarios 1 and 2
- Deal analysis: Table 1
What's included
This report contains:
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