Cairn India offered 328,799,675 shares, excluding the greenshoe option, at a price range of Rs160 to Rs190 $3.59-$4.26 per share in a fully bookbuild issue. On a gross basis the IPO raised Rs86.16 billion and the retail portion was one of the largest issuances ever by a non-government owned company.
Cairn Energy plc is an independent oil and gas exploration company listed on the London Stock Exchange since 1998. It incorporated Cairn India in August to consolidate its businesses and interests in India. With its revenue derived onshore and the buoyant India sentiment...
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