Is Cairn a good company?

Good company with strong portfolio of exploration prospects, with a vision to produce 50 \% of india’s total oil and gas production.

Is Cairn India a PSU?

Cairn India was an Indian oil and gas exploration and production company, headquartered in Gurgaon, India….Cairn India.

Type	Private
Industry	Oil and gas
Founded	2006
Fate	Merged with Vedanta Limited

Who is the owner of Cairn India?

Vedanta Resources
Cairn Oil & Gas vertical of Vedanta Limited/Parent organizations

When did Vedanta buy Cairn?

Cairn India shareholders as on said Record Date, who will become shareholders of Vedanta, would also receive an interim dividend of Rs. 17.70 per equity share as approved by the board of Vedanta on 30 March 2017.

Is Vedanta and Cairn same?

Anil Agarwal’s Vedanta Ltd has concluded the merger of Cairn India with itself. In a statement the company announced the effective merger of the two companies on Tuesday.

Why is Cairn India not traded?

The stock will be suspended from trading in equity and equity derivatives segment from Wednesday, as the cash-rich oil producer is set to get merged with its debt-ridden parent Vedanta.

When did Vedanta acquired Cairn?

April 27 has been set as record date for the share swap. “Cairn India shareholders as on said record date, who will become shareholders of Vedanta, would also receive an interim dividend of Rs 17.70 per equity share as approved by the Board of Vedanta on March 30, 2017,” the statement said.

Is there oil in Rajasthan?

NEW DELHI: Cairn India’s Rajasthan block is now estimated to hold a record 7.3 billion barrels of oil reserves that can produce 15 million tonnes of oil, the highest by any field in India, the company said.