Cairn India, Vedanta shares rise after $2.3 billion deal

MUMBAI (Reuters) - Shares of Vedanta Ltd and Cairn India Ltd rose on Monday after Vedanta offered to buy out minorities in cash-rich oil unit Cairn India in a $2.3 billion deal.

Vedanta and Cairn India shares gained about 0.8 percent each.

(Reporting by Swati Bhat and Devidutta Tripathy; Editing by Subhranshu Sahu)