Foreign institutional investors (FIIs) have reduced shareholding in Cairn India to 14.26% at the end of March 2015 quarter from 15.33% as on December 31, 2014. Moreover, domestic institutional investors (DIIs) have also reduced shareholding in the company by 36 basis points to 10.35 % at the end of March 2015 quarter from 10.71 % as on December 31, 2014. Meanwhile, Non Institutions were holding 15.51 percent stake in the company at the end of March 2015 quarter, up 143 basis points from 14.08 percent as on December 31, 2014.
Cairn India is one of the largest independent oil and gas exploration and production companies in India with a market capitalisation of $ 10 billion. Cairn India was rated as the fastest-growing energy company in the world, as per 2012 & 2013 Platts Top 250 Global Energy Company Rankings.
