Billionaire Seeks BHP-Style Conglomerate in Vedanta Deal
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
