Deal insight
Vedanta to acquire a controlling stake in Cairn India
Report summary
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 ...
What's included
This report contains
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- RJ-ON-90/1 (Rajasthan)
- Ravva
- CB-OS/2
- Other
- Deal analysis
-
Upsides and risks
- Potential pre-emption by ONGC
-
Strategic rationale
- Cairn Energy
- Vedanta
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
Images
- Upside scenario modelling - production and capex assumptions (net Vedanta*)
- Wood Mackenzie base case production and capex forecasts (net Vedanta*)
Tables
- Deal analysis: Table 1
- Deal analysis: Table 2
- Upsides and risks: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
You may be interested in
Company report
Repsol corporate - reported results analysis
Company report
Rosneft corporate - reported results analysis
Company report
Santos corporate report
Questions about this report?
-
Europe:+44 131 243 4699
-
Americas:+1 713 470 1900
-
Asia Pacific:+61 2 8224 8898