Summary
Sesa Goa Limited (Sesa Goa), a producer and exporter of iron ore, acquired an additional 28,807,241 shares, representing approximately 1.5% of the total paid up share capital of Cairn India Limited, (Cairn India) an oil and gas company, for a purchase consideration of INR9,362.35m ($181.31m) in a stock market transaction. Sesa Goa paid at an average price of INR325 ($6.29) per Cairn India share. Of the total shares acquired, 4,500,000 Cairn shares were acquired through Sesa Resources Limited, a wholly-owned subsidiary of Sesa Goa.
Following the acquisition, Sesa Goa now holds a 20% stake in Cairn India. Prior to this, Sesa Goa acquired a 10.4% stake in Cairn India, with an option to acquire up to 20% shares of Cairn India, in an open offer on April 19, 2011. Also, on April 30, 2011, Sesa Goa acquired approximately 8.1% of Cairn India shares in an open offer.
Scope
- Rationale behind Sesa Goa acquiring additional stake in Cairn India,
- Strategic benefits for the companies involved,
- Geography covered - India
Reasons to buy
- Develop a sound understanding of the major M&As, Partnerships, and Joint Ventures taking place in Asian-Pacific industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Indias oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.
For more information, please visit:
http://www.aarkstore.com/reports/Sesa-Goa-Acquires-Additional-1-5-Stake-in-Cairn-India-for-181-3m-Sesa-Goa-Acquired-to-Have-an-Access-to-India%E2%80%99s-Best-Oil-Assets-Deal-Analysis-from-GlobalData-190189.html
Or email us at contact@aarkstore.com or call +918149852585
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Sesa Goa Limited (Sesa Goa), a producer and exporter of iron ore, acquired an additional 28,807,241 shares, representing approximately 1.5% of the total paid up share capital of Cairn India Limited, (Cairn India) an oil and gas company, for a purchase consideration of INR9,362.35m ($181.31m) in a stock market transaction. Sesa Goa paid at an average price of INR325 ($6.29) per Cairn India share. Of the total shares acquired, 4,500,000 Cairn shares were acquired through Sesa Resources Limited, a wholly-owned subsidiary of Sesa Goa.
Following the acquisition, Sesa Goa now holds a 20% stake in Cairn India. Prior to this, Sesa Goa acquired a 10.4% stake in Cairn India, with an option to acquire up to 20% shares of Cairn India, in an open offer on April 19, 2011. Also, on April 30, 2011, Sesa Goa acquired approximately 8.1% of Cairn India shares in an open offer.
Scope
- Rationale behind Sesa Goa acquiring additional stake in Cairn India,
- Strategic benefits for the companies involved,
- Geography covered - India
Reasons to buy
- Develop a sound understanding of the major M&As, Partnerships, and Joint Ventures taking place in Asian-Pacific industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Indias oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.
For more information, please visit:
http://www.aarkstore.com/reports/Sesa-Goa-Acquires-Additional-1-5-Stake-in-Cairn-India-for-181-3m-Sesa-Goa-Acquired-to-Have-an-Access-to-India%E2%80%99s-Best-Oil-Assets-Deal-Analysis-from-GlobalData-190189.html
Or email us at contact@aarkstore.com or call +918149852585
More reports
Quicksilver Resources Inc, Company Intelligence Report
Goodrich Petroleum Corporation, Company Intelligence Report
Sea Dragon to Acquire National Petroleum Company Egypt for $147.5m - Sea Dragon’s Step to Expand Operations in Egypt - Deal Analysis from GlobalData
Sesa Goa Acquires Additional 1.5% Stake in Cairn India for $181.3m - Sesa Goa Acquired to Have an Access to India’s Best Oil Assets - Deal Analysis from GlobalData
EXCO Resources Inc, Company Intelligence Report
Fayetteville Shale in the US, 2011 - Gas Shale Market Analysis and Forecasts to 2020
Aarkstore Enterprise
Tel : +912227453309
Mobile No:+08149852585
Email : contact@aarkstore.com
Website : http://www.aarkstore.com
Blog: http://www.emarketreports.com
Follow us on twitter: http://twitter.com/aarkstoredotcom
http://in.linkedin.com/in/aarkstore
http://www.facebook.com/aarkstoreenterprise
http://www.aarkstore.com/feeds/globaldata.xml
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