(EnergyAsia, April 2) — Shareholders of UK-based independent oil company Cairn Energy will receive 481 million sterling following the successful listing of its Indian subsidiary on the Mumbai Stock Exchange. (US$1=0.5 sterling). Cairn sold shares in its Indian arm in December to pay for the development of its largest oil fields in Rajasthan state….
INDIA: Cairn Energy to return Sterling481 million shareholders
Posted on April 2, 2007 by EnergyAsia