Attractive revised merger terms improve deal likelihood Vedanta sweetens Cairn merger deal by INR30/share Vedanta Limited's (VEDL) board today (22nd July, 2016) approved revised and final terms for the Vedanta-Cairn India merger deal. VEDL is now offering three additional preference shares (face value of INR10 each) with coupon of 7.5% and tenure of 18 months to minority shareholders of Cairn India. Thus, the revised deal includes: (a) One equity share of Vedanta Limited for every share of Cairn India, (b) Four redeemable preference shares of INR10 each with coupon of 7.5%...