Cairn sells off major stakes in Cairn India

Oil and Gas company Cairn has sold a further 30% stake in Cairn India. The company sold the stake for $4.1 billion, of which $3.5 billion is set to go into the pockets of its shareholders. Since July 40% of Cairn India has been sold to Indian company Vedanta. Simon Thomson, Chief Executive, Cairn Energy […]

Cairn confident of $5.4bn India sale

Cairn Energy expressed confidence that the sale of a 40% stake in their Indian arm, Cairn India, to Vedanta Resources would be completed. Cairn’s half yearly report revealed the deal, split into two stages, would bring in $5.4billion. Simon Thomson, Chief Executive, Cairn Energy PLC said: “Following approval from the Government of India, all parties […]