Fitch places Cairn India Holdings on Rating Watch Negative on delisting plan

"The action follows the announcement by (Agarwal#39;s) Vedanta Resources Ltd (VRL) of its intention to delist the shares of its Indian subsidiary and CIHL#39;s parent, Vedanta Ltd (VLTD). CIHL#39;s rating is aligned with the credit profile of VLTD, which owns 100 per cent of CIHL, reflecting their strong linkages," Fitch said in a statement.

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