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Agarwal’s Vedanta Ltd. is planning to absorb Cairn India Ltd., combining India’s biggest producer of aluminum and copper with its largest onshore oil producer. The merger will create an entity with a market capitalization of about $11 billion, based on the last traded price of Vedanta Ltd.

Read more at: http://www.bloomberg.com/news/articles/2015-06-15/billionaire-agarwal-seeks-bhp-style-conglomerate-in-vedanta-deal