(EnergyAsia, April 2, Wednesday) — Cairn India has sold a total of 113 million shares to Malaysia’s Petronas and Orient Global Tamarind Fund Pte Limited at Rs224.30 per share, raising Rs25,346 million through the private placement. (US$1=Rs40).Cairn said the net proceeds will be used to fund capital expenditure and for general corporate purposes.At a meeting…
INDIA: Cairn sold stakes to Petronas and global fund for Rs25.3 billion through private placement
Posted on April 1, 2008 by EnergyAsia