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Cairn India reply to clarification sought by the exchange

24 Jul 2015 Evaluate

The Exchange had sought clarification from Cairn India with respect to news article appearing in The Financial Express on July 23, 2015 titled ‘Cairn Energy set to vote against Vedantas Cairn India offer’. Cairn India replied stating that they would like to clarify that Cairn Energy Plc is incorporated in the UK. It is not a part of Cairn India (CIL), other than holding CIL shares through its subsidiary viz. Cairn UK Holdings and they are not aware of any such view of Cairn Energy plc. While the decision of merger was announced by the Board of Directors on 14th June, 2015, it will be a few months before the proposal is put to vote by the shareholders.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
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