<div><div>The boards of oil company Cairn India and its parent, Vedanta Ltd, will meet on Sunday to discuss a potential merger, both companies said.</div><div> </div><div>Vedanta Ltd. is the operating unit of London-listed mining and energy group Vedanta Resources Plc.</div><div> </div><div>Vedanta this week signalled it was considering merging the two Indian units, as it tries to resolve a mismatch between its debt, held at the top of the group, and its cash, largely generated by subsidiaries, including Cairn.</div><div> </div><div>In separate notices to the Bombay Stock Exchange on Saturday, the companies said their boards would meet to "consider and evaluate" a merger.</div><div> </div><div>On Friday, Oil Minister Dharmendra Pradhan told <em>Reuters</em> he had met Cairn executives this week to discuss the potential merger and a source familiar with the matter had said the deal could be announced as early as Sunday.</div></div><div> </div><div>(Reuters)</div>
