+91 22 24172311
Sections
Search
Subscribe
Equity
Venture Capital
Private Equity
M&A
Mergers & Acquisitions | 25 September 2012

Cairn Energy To Sell Cairn India Shares

by Vivek Singh
 
@vivek

Cairn UK Holdings Limited, a unit of Cairn Energy is looking to sell 152.63 Mn @Cairn_India_L shares in a price range of R317.90 to R328.30 per share raising around $922Mn, according to WSJ.

This June, Cairn Energy raised $360 Mn by selling around 3.5% stake in Cairn India reducing its stake to 18.28%.

Last December, it completed its sale of a 58.5% stake in Cairn India to Vedanta Resources PLC and the mining company's units for $8.67 Bn.

Last month, Cairn Energy bought stake in Foum Draa block in Morocco for $60 Mn, and farm-in as an operator.

Credit Suisse Buys Stake In HDIL

Credit Suisse bought around 0.60% stake in Housing Development and Infrastructure Limited (HDIL) through bulk deal on NSE.

Read More...

Grocery E-Tailer BigBasket Plans PE Fund Raise

Bangalore based grocery e-tailer BigBasket is planning to raise around R300 Cr to expand its presence in Delhi, Chennai, Pune and Ahmedabad. It had recently raised $3 Mn from Singapore based investor.

Read More...
TL Home Search New Keet
CONTACT US
Info@DealCurry.com
+91 22 24172311
A 311, 3rd Floor, AntopHill Warehousing Company,
Near Dosti Acres
Wadala(E),
Mumbai 400037
   
 
CLIENTS
USEFUL LINKS
SOLUTIONS
Copyright © EagleEye Research & Media Pvt. Ltd. 2009 All Rights Reserved - Interactive multimedia analysis platform for financial markets.
Site map |Terms of Use |Privacy Policy
DealCurry tracks financial and corporate markets for events, interprets and integrates the information in our platform, providing premium data, news and analytics. DealCurry provides comprehensive coverage of the capital markets through an intuitive, user-friendly interface.