March 14, 2024

Vedanta Limited’s Rs Crore Payment to Cairn UK Holdings

The Securities and Exchange Board of India (Sebi) has passed an order directing Vedanta Limited to pay Rs 78 crore to Cairn UK Holdings for the delay in payment of dividends. The dispute dates back to 2011 when Vedanta acquired Cairn India. As part of the deal, Cairn India had declared a dividend of Rs…

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Rakesh Wynswell