Cairn block

Cairn Energy raises $928 million from Cairn India block

The second sell-down by London-listed Cairn Energy in three months reduces its stake in the Indian oil and gas explorer to 10.3%.

<div style="text-align: left;"> Cairn Energy's Mangela processing terminal </div>

Anette Jönsson

September 26, 2012

Cairn Energy yesterday raised Rs49.31 billion ($928 million) from the sale of an 8% stake in Cairn India — the second sell-down in its Indian oil and gas exploration and production unit in three months.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.