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Demand set to outstrip supply in Cairn India float
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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 the IPO
of Cairn India that has visited 19 cities in India as well as London,
Boston, New York, San Francisco, Dubai, Singapore, Hong Kong and
Chicago.
The response from potential sh...
