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Friday, June 29, 2012 - 19:23 IST
Cairn Energy sells 3.5% more in Cairn India for $365M
BY Vivek Sinha
The British company still owns around 18.3% stake in the Indian firm, which is now worth $1.9 billion.
UK’s Cairn Energy has sold additional 3.5 per cent stake in its former Indian arm Cairn India for Rs 2,060 crore ($365 million) through open market on Friday. The British energy firm has been looking to encash more...
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