Summary
CAIRN Energy has made a challenging discovery under an air force base in India and appointed a local investment banker to lead the company's business in that country to a flotation on the Bombay Stock Exchange.
The oil and gas firm has recruited Rahul Dhir from Merrill Lynch as chief executive of the Indian business, which hopes to complete an initial public offering likely to raise more than dollars1bn (GBP565m) for shareholders within the next 12 months.See the full content of this document
Extract
Cairn Planning Bombay Listing After Indian Find
One of the challenges facing Dhir may be to decide how Cairn should develop the 18th discovery made by the company in Rajasthan, where it has found billions of barrels of oil...
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