Davis Polk advised the financial adviser to Vedanta Limited (“Vedanta”) in connection with its proposed recommended merger with Cairn India Limited pursuant to an Indian scheme of arrangement. The transaction, which is expected to close in the first quarter of 2016, is subject to the approval of the shareholders of each of Vedanta, Cairn, and Vedanta Resources plc (“Vendanta Resources”), Vedanta’s majority-owning parent company, regulatory and judicial approvals, and other customary closing conditions.

Vedanta is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil and gas. Listed on the Bombay Stock Exchange and the National Stock Exchange in India and the New York Stock Exchange, Vedanta produces oil and gas, zinc, lead, silver, copper, iron ore, aluminum and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka. Cairn is one of the largest independent oil and gas exploration and production companies in India, operating 27% of India’s domestic crude oil production. Vedanta Resources is a London-listed diversified global resources company.

The Davis Polk corporate team includes partners Will Pearce and Phillip R. Mills and associate Leo Borchardt. Members of the Davis Polk team are based in the London and New York offices.  

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