According to a media release, Cairn Energy, which is headquartered at Edinburgh, picked up 38 per cent equity in Porcupine Basin pair Frontier Exploration Licence (FEL) 2/04 and FEL 4/08, two Irish blocks, in a cost-and-carry deal. The company also bought stake in six adjacent licencing option blocks. The acreage covers an area of 2,75
Tag: holding
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JSPL plans to raise holding in Gujarat NRE’s Aussie unit
Jindal Steel and Power (JSPL), which holds 19.48 per cent stake in Gujarat NRE Coking Coal, the Australian unit of Gujarat NRE Coke, plans to raise its holding in order to comply with the regulation of the Australian stock exchange. According to the regulation, the company has to go to the public to raise its stake to over 20 per cent. Rec