Cairn India block trade

Cairn Energy sells $366 million stake in Indian unit

The London-listed oil and gas exploration and production company says the proceeds from the Cairn India sale will give it “greater operational flexibility”.

<div style="text-align: left;"> Cairn's processing terminal in Rajasthan, India </div>

July 03, 2012

Cairn Energy, an Edinburgh-based and London-listed company, has raised about Rs20.5 billion ($366 million) from the sale of a further 3.5% in Cairn India after fixing the price at the bottom of the indicative range.

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