Deal Insight

Vedanta to acquire a controlling stake in Cairn India

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of 21.7%Vedanta Resources is to acquire a 51% stake in Cairn India from Cairn Energy for US$8.48 billion (subject to change, contingent upon the response to a separate offer to other Cairn India shareholders). Under our base case analysis, we value a 51% stake in Cairn India at US$4.27 billion (NPV10, as at August 2010). Although this valuation is based on a 2P reserve figure greater than that reported by Cairn India, it is nonetheless significantly below the purchase price. The ...

Table of contents

Tables and charts

This report includes the following images and tables:

  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Upside scenario modelling - production and capex assumptions (net Vedanta*)
  • Upsides and risks: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1
  • Wood Mackenzie base case production and capex forecasts (net Vedanta*)

What's included

This report contains:

  • Document

    Vedanta to acquire a controlling stake in Cairn India

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