Cairn Energy sells 8 per cent stake in Cairn India
Cairn Energy Plc (CNE.L) has raised $910 million by selling an 8 per cent stake in Cairn India, continuing the sell-down of its historic interest in the Indian business it formerly controlled to fund
Cairn deal boosts miner Vedanta's core profit
India-focused miner Vedanta posted a 13 per cent rise in full-year core profit, as its zinc operations and recently acquired oil producer Cairn India helped offset the impact of a regional mining ban
Cairn's Rajasthan block has record 7.3 billion-barrel oil reserve
Cairn India's Rajasthan block is now estimated to hold a record 7.3 billion barrels of oil reserves that can produce 15 million tonnes of oil, the highest by any field in India, the company said.
Th
Cairn India gets govt nod for raising Mangala output
After more than 6-month wait, the government on Thursday gave approval to Cairn India to raise output from its largest oilfield in Rajasthan block by 25,000 barrels per day to 150,000 bpd.
Rajasthan
Government nod for start of production from Cairn's Bhagyam oilfield
After months of delay, the government has given Cairn India the go-ahead for commencement of production from the Bhagyam oilfield, the second-largest find in the exploration firm's prolific Rajasthan
Sri Lanka discovers gas looks forward to oil
Natural gas deposits have been discovered for the first time in Sri Lanka's history by the Lankan arm of Cairn India, President Mahinda Rajapaksa announced on Sunday.
"I have been informed that a ga
Cairn India awaits key ruling
New Delhi: Britain's Cairn Energy chief Bill Gammell has been racking up air miles visiting India as he tries to salvage a $9.6-billion deal to sell the firm's Indian unit to resources giant Vedanta.
Vedanta hurries Cairn deal
Feb. 7: London-listed mining group Vedanta Resources is running against time to close the $9.6 billion deal to acquire majority stake in Cairn India. The government approval for the transaction has b
Meet on Cairn-Vedanta deal inconclusive
New Delhi: A crucial meeting to discuss government approval for Vedanta Resources' USD 9.6 billion acquisition of Cairn India today remained inconclusive and Oil Secretary S. Sundareshan will meet t
Vedanta Group not to hike open offer price
Mumbai, Oct. 11: The Vedanta Group on Monday ruled out increasing the open offer price to minority shareholders of Cairn India, saying its current offer was “lucrative.”
“There is no question (of inc