Cairn India Holdings Limited (CIHL), an overseas subsidiary of Vedanta Ltd, will exit its entire investment in Anglo American Plc, Vedanta said on Friday.
In December 2018, Cairn India Holdings purchased an economic interest through a structured investment in equity shares of Anglo-American Plc from Volcan Investments for a total consideration of Rs 3,812 crore.
This structure was to mature in parts in April 2020 and October 2020.
Volcan will exercise the early exchange option available to it on 26 July, 2019 and consequent to this the full exchange of its two issues of mandatory exchangeable bonds secured by shares in Anglo American plc, will settle on 12 August, 2019.
