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Dispute could cut Cairn India IPO Questions about pipeline mean top share price level unlikely BUSINESS ASIA by Bloomberg
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International Herald Tribune
12-12-2006
Cairn India, the oil explorer planning the second-largest initial share sale in India, may raise less than the $2.2 billion it is seeking because of concern that production from its fields could be delayed.The Indian unit of Cairn Energy, of Britain, is seeking bids within a price range of 160 rupees, or $3.57, to 190 rupees. Bidders are likely to target the share at 170 rupees raising $2 billion, according to the median forecast ...
Related newspaper, magazine, and journal articles from HighBeam Research
 "Press and Journal, The Aberdeen (UK)")
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Pipeline approval boosts cairn shares
Press and Journal, The Aberdeen (UK)
; Scottish oil and gas operator Cairn Energy saw its shares bounce yesterday after it announced that its Cairn India subsidiary had won a key approval for a pipeline to link its fields in Rajasthan to markets. The company's shares closed up 62p or almost 3.5% at pounds18.48 after at one point going
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Cairn India hires former BP chief to boost Rajasthan exploration
Scotland on Sunday
; CAIRN Energy's Indian subsidiary is hiring a heavyweight former BP executive in a move designed to bolster its exploration and development activities in Rajasthan. Ian Vann spent 30 years at BP, latterly as vice-president for exploration and business development, and is seen as a key architect of
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Rough debut expected for Cairn India sharesBUSINESS ASIA by Bloomberg
International Herald Tribune
; ... company, is expected to debut at 145 rupees apiece, or $3.27, 15 rupees lower than the initial sale price, according to a Bloomberg News survey of 10 analysts and investors, in which all of them predicted that the share would fall in opening trade. Cairn's sale ...
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Oil operator says deal in the pipeline
Press and Journal, The Aberdeen (UK)
; Scottish oil and gas operator Cairn Energy said yesterday it was continuing to discuss a pipeline to export oil from its fields in north-west India with the country's government. It added that it expected to reach agreement during the first half of this year. The Edinburgh-based company's chief
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Indian government urged to start on Cairn pipeline
Evening News - Scotland
; THE International Finance Corporation (IFC) has urged the Indian government to speed up the construction of a 580km pipeline necessary to the overall success of the Cairn India oil project. Cairn India, a subsidiary of Edinburgh oil and gas explorer Cairn Energy, has been locked in talks with the
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Cairn ruling 'in the pipeline'
Evening News - Scotland
; THE Indian government said it would decide within the next two weeks whether Edinburgh-based Cairn Energy's local unit would be allowed to recover the cost of laying a pipeline from its crude oil sales. Oil secretary MS Srinivasan said the issue had been considered by a panel of top officials
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GBP 10m gives Cairn India Green light
Scotland on Sunday
; THE World Bank is paying around GBP 10m for a stake in Cairn India, the Scottish oil and gas explorer's majority-owned Indian operation. International Finance Corporation, the World Bank's private investment arm, has bought seven million shares, or just under 1 per cent, of Cairn India in a move
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Investor doubts keep Cairn India price low
Evening News - Scotland
; CAIRN Energy says it has priced the initial public offering of its Cairn India arm at a bottom end price which will raise around GBP 600 million - following lukewarm investor response amid concerns over valuation and how it plans to transport its oil. The city-based oil explorer's Indian arm has
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Cairn India to float at pounds1.84 a share
Press and Journal, The Aberdeen (UK)
; Scottish oil firm Cairn Energy has announced the pricing for the flotation of its Indian business, Cairn India, on the Bombay Stock Exchange and National Stock Exchange of India. An offer price of pounds1.84 per Cairn India share has been set. This implies a Cairn India market capitalisation -
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Demand set to outstrip supply in Cairn India float
Scotland on Sunday
; CAIRN Energy's flotation of its Indian subsidiary is expected to be oversubscribed as investors clamour for a slice of one of the biggest public offerings in Indian history. Cairn's directors, led by chief executive Sir Bill Gammell, are close to concluding a three-week investor roadshow to promote
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