By Adam Clark

Vedanta Resources PLC (VED.LN) said Thursday that its Indian-listed subsidiary has discovered gas in the Krishna-Godavari Basin on the east coast of India.

Vedanta Ltd. (500295.BY) notified Indian authorities of the discovery at the A-32 exploration well in block KG-OSN-2009/3. Vedanta said gas flowed to the surface during well testing, but further appraisal will be required to assess the commercial potential of the discovery.

In July, Vedanta Resources agreed to a takeover by Volcan Investments Ltd., the family trust of Vedanta's chairman and founder Anil Agarwal, valuing the company at $3.07 billion. The takeover will lead to the delisting of its shares from the London Stock Exchange.

Write to Adam Clark at adam.clark@dowjones.com

(END) Dow Jones Newswires

September 13, 2018 12:12 ET (16:12 GMT)

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