Cairn India

  • SC dismisses plea challenging Vedanta-Cairn deal 09-05-2013 11:59 AM

    New Delhi: The Supreme Court on Thursday dismissed a plea which had challenged the validity of the Cairn-Vedanta deal and said there was nothing malafide in the transaction. The court was hearing a petition challenging the validity of the $8.5 billion Cairn-Vedanta deal and had sought a CBI probe into...
  • Cairn India makes new oil discovery in Rajasthan block 09-04-2013 11:19 AM

    New Delhi: Cairn India on Tuesday said it has made the 26th oil discovery in its prolific Rajasthan block. The discovery follows allowing the company to explore for oil on block well after expiry of the exploration phase. "Cairn India has made its latest oil discovery, the 26th discovery so...
  • Vedanta completes Cairn India acquisition 08-12-2011 08:57 PM

    New Delhi: Mining group Vedanta Resources on Thursday completed the long delayed acquisition of oil producer Cairn India Ltd, after 16 months of protracted wrangling over royalty payments. Vedanta paid $8.67 billion for 58.5 per cent stake in Cairn India, the company said in a press statement. Iron-ore unit Sesa...
  • Ajay Kalsi: A self-made man unafraid to take risks 08-11-2011 12:12 PM

    Ajay Kalsi Age: 49 Profile: Founder and chief executive of London-listed oil and gas outfit Indus Gas Rank: 38 Wealth: $ 1.39 billion Did you know? He is building a new wave pool for his daughter who is fond of swimming. The pool is about the size of four Olympic...
  • Cairn-Vedanta deal a step closer to completion 15-09-2011 12:44 AM

    Mumbai: Oil explorer Cairn India said on Wednesday it had received approval from its shareholders to accept conditions imposed by the government necessary to clear Vedanta Resources' deal to buy a 40 per cent stake in the company. The approval moves the long-delayed stake sale, one of the largest in...
  • ONGC to decide on Cairn-Vedanta deal on Sept 27 30-08-2011 07:56 PM

    New Delhi: State-owned Oil and Natural Gas Corp (ONGC) on Tuesday said it may on September 27 decide on giving its consent to UK's Cairn Energy Plc selling majority stake in Cairn India to London-listed Vedanta Resources. ONGC, which holds stake in 8 out of the 10 oil and gas...
  • Cairn to finalise Vedanta deal in Sept: source 11-08-2011 11:37 AM

    London: British oil explorer Cairn Energy expects to finalise a long-awaited deal to sell control of its Indian business by mid-September, bringing to conclusion a process that has dragged on for almost a year. India in June granted conditional approval for Vedanta Resources to buy a stake in Cairn India...
  • Cairn Energy to accept all govt conditions 07-08-2011 10:52 PM

    New Delhi: After resisting for almost an year, UK's Cairn Energy Plc has said it will accept all pre-conditions of the government to get approval for selling stake in its Indian arm to mining group Vedanta Resources. The Edinburg-based firm on August 3 wrote to Oil Secretary GC Chaturvedi saying...
  • Oil Ministry approves Cairn, Vedanta deal 26-07-2011 05:31 PM

    New Delhi: More than three weeks after the Cabinet Committee on Economic Affairs gave conditional nod to the $ 9-billion Cairn-Vedanta deal, the Oil Ministry on Tuesday sent a formal letter to the companies informing of the decision. "The letter was collected by Cairn India representatives this afternoon," an oil...
  • Cairn's stock up after govt approves Vedanta deal 01-07-2011 11:40 AM

    Mumbai: Shares of Cairn India surged by nearly 3 per cent in morning trade on the Bombay Stock Exchange after the government gave its approval for the sale of a stake to UK-based mining firm Vedanta, 10 months after the deal was first announced. The Cabinet Committee on Economic Affairs...
  • CAG refuses to hear Reliance on KG-D6 field audit 26-06-2011 12:24 PM

    New Delhi: In a startling development, the Comptroller Auditor General (CAG) has refused to give Reliance Industries an opportunity to comment on its draft audit report that indicts the Mukesh Ambani-run firm for allegedly receiving undue favours from the Oil Ministry. The nation's top auditor turned down a request of...
  • SEBI approves Cairn India deal: Vedanta chief 05-04-2011 01:59 PM

    Mumbai: UK-based Vedanta Group on Tuesday said it has received market regulator SEBI's nod for a $9.6 billion deal to acquire a 51 per cent stake in Cairn India and will launch an open offer soon. "We have already received SEBI's approval for an open offer. The issue will open...
  • Reliance bids for six oil and gas blocks 28-03-2011 12:22 PM

    New Delhi: Reliance Industries on Monday bid for six oil and gas exploration blocks while Cairn India submitted offers for two out of the 34 on offer in the 9th round of auction under the New Exploration Licensing Policy (NELP). Reliance bid for two deepsea blocks in the Andaman Basin...
  • Govt likely to clear Cairn-Vedanta deal 02-03-2011 05:16 PM

    New Delhi: After keeping it on tenterhooks for months, the Government looks set to clear London-listed mining group Vedanta Resources' $9.6 billion acquisition of Cairn India without any significant precondition. This follows the Oil Ministry watering down preconditions it had set for Vedanta to buy a 51 per cent stake...
  • Cairn India strikes oil in Krishna-Godavari basin 23-08-2010 04:50 PM

    Mumbai: India's fourth largest oil and gas producer, Cairn India, on Monday said it has struck oil at a well in the Krishna-Godavari basin, off the Andhra Pradesh coast. "A flow of 75 barrels per day of oil and 0.27 million cubic feet per day of gas was achieved during...
  • Vedanta to buy majority stake in Cairn India 16-08-2010 12:48 PM

    Mumbai: Global metals and mining major Vedanta Group on Monday said it will acquire 51 per cent to 60 per cent of oil producer Cairn India in a deal worth $ 8.5-9.6 billion. The all-cash deal will see Vedanta Resources Plc hold a 31 per cent to 40 per cent...
  • Many firms show interest in Cairn crude 22-02-2007 05:04 PM

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