AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Cairn Energy raises 822 mln usd from India unit pre-IPO placing UPDATE.
(From AFX Europe (Focus))
(Recasts, adds details, background)
LONDON (AFX) - Cairn Energy PLC said it has raised 822.5 mln usd via a share placement of Cairn India Ltd ahead of the unit's flotation next month.
Up to 12 pct of Cairn India shares, equivalent to 210 mln shares, were placed at 176.48 rupees each, giving the company a potential market capitalisation of 6.92 bln usd.
Earlier this month, Cairn Energy gave the Indian business a preliminary valuation of 2.7 bln stg.
"If the flotation price per share is lower than 176.48 rupees, the placing price will be reduced accordingly," Cairn Energy said in a statement released today …
-
- Cairn Energy says Cairn India IPO price set at 160-190 rupees/shr.
-
News wire article from: Europe Intelligence Wire
November 27, 2006
700+ words
-
- Cairn Energy to float 30 pct of Indian unit in December IPO UPDATE.
-
News wire article from: Europe Intelligence Wire
October 12, 2006
700+ words
-
- ROUNDUP Cairn Energy to raise 1.8 bln usd from Cairn India float.
-
News wire article from: Europe Intelligence Wire
November 1, 2006
700+ words
-
- ROUNDUP Cairn Energy cheers investors with India unit's pre-float share placing.
-
News wire article from: Europe Intelligence Wire
November 23, 2006
700+ words
-
- Cairn Energy says Cairn India IPO price set at 160-190 rupees/shr UPDATE.
-
News wire article from: Europe Intelligence Wire
November 27, 2006
700+ words
