SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Cairn India drips as parent Cairn Energy Plc dilutes its stake

29 Jun 2012 Evaluate

Cairn India is currently trading at Rs. 308.25, down by 19.25 points or 5.88% from its previous closing of Rs. 327.50 on the BSE.

The scrip opened at Rs. 319.60 and has touched a high and low of Rs. 319.60 and Rs. 302.10 respectively. So far 53904100 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 400.95 on 22-Feb-2012 and a 52 week low of Rs. 250.00 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 334.10 and Rs. 302.10 respectively. The current market cap of the company is Rs. 58895.45 crore.

The promoters holding in the company stood at 58.86% while Institutions and Non-Institutions held 14.36% and 26.78% respectively.  

Cairn Energy Plc, UK-based oil and gas giant, is likely to sell more stakes in its Indian subsidiary - Cairn India. It has decided to divest further 67 million shares in the Indian arm at a price between Rs 307 and Rs 317, a discount to the stock’s closing price of Rs 327.50 per share on June 28, 2012.

This transaction will bring down the Cairn Energy Plc’s stake to 18.28%. It had offloaded the bulk of its holding in Cairn India to UK-based peer Vedanta Resources Plc two years ago, bringing down its stake to 21.79%.

The government has dragged the Vedanta-Cairn deal and because of which several global investors disappointed to a large extent, and Cairn Plc now wants to exit the country completely. 

Peers
Company Name CMP
ONGC 281.50
Oil India 454.00
Jindal Drilling&Inds 530.15
Deep Industries 457.95
Asian Energy Service 295.75
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×