M&A Deal Summary

Vedanta Acquires Cairn

On April 11, 2017, Vedanta acquired oil/gas exploration company Cairn from Vedanta for 2.3B USD

Acquisition Highlights
  • This is Vedanta’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Vedanta’s largest (disclosed) transaction.
  • This is Vedanta’s 2nd transaction in India.

M&A Deal Summary

Date 2017-04-11
Target Cairn
Sector Oil/Gas Exploration
Buyer(s) Vedanta
Sellers(s) Vedanta
Deal Type Merger
Deal Value 2.3B USD

Target

Cairn

Gurgaon, India
Cairn is a provider of an oil and gas exploration and production. Cairn was founded in 2006 and is based in Gurgaon, Haryana.

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Buyer(S) 1

Buyer

Vedanta

Mumbai, India

Category Company
Founded 1954
Sector Metals/Mining
Employees17,332
Revenue 1.51T INR (2025)
DESCRIPTION

Vedanta is a diversified natural resources company, with operations across zinc-lead-silver, oil & gas, iron ore, copper, aluminium and commercial power. Vedanta was founded in 1954 and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 2 of 3
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Merger M&A Deals 1 of 1
Country: India M&A 2 of 2
Year: 2017 M&A 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-01 Cairn

Gurgaon, India

Cairn is a provider of an oil and gas exploration and production. Cairn was founded in 2006 and is based in Gurgaon, Haryana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-27 AvanStrate

Yokkaichi, Japan

AvanStrate is a manufacturer of glass substrates for liquid crystal display (LCD glass).

Buy -

Seller(S) 1

SELLER

Vedanta

Mumbai, India

Category Company
Founded 1954
Sector Metals/Mining
Employees17,332
Revenue 1.51T INR (2025)
DESCRIPTION

Vedanta is a diversified natural resources company, with operations across zinc-lead-silver, oil & gas, iron ore, copper, aluminium and commercial power. Vedanta was founded in 1954 and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-01 Cairn

Gurgaon, India

Cairn is a provider of an oil and gas exploration and production. Cairn was founded in 2006 and is based in Gurgaon, Haryana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-27 AvanStrate

Yokkaichi, Japan

AvanStrate is a manufacturer of glass substrates for liquid crystal display (LCD glass).

Buy -