Cairn India raises £312m
CAIRN Energy's Indian unit has raised almost £312 million after a private placement of around six per cent of the group's shares.
The move will see key investor Petronas – Malaysia's state oil and gas company – up its stake in Cairn India from 9.93 per cent to 12.7 per cent.
Singaporean private equity firm Orient Global Tamarind Fund will also buy into Edinburgh-based Cairn's subcontinent operations, taking a 2.6 per cent stake.
The full article contains 79 words and appears in Edinburgh Evening News newspaper.
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Last Updated:
18 March 2008 10:38 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
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Related Topics:
Cairn Energy
