I do not expectt any movement till jan end in cairn unless there is a new find given the exploration in Rajasthan or Srilanka. Once in Jan they are able to buy shares from Cairn Energy at least 400 will be touched by March provided crude prices do not come down.
9.51 PM Dec 12th
On support of Buy back the institutional investors are buying in cash market. This will take the share price above 355, enabling the cain energy (UK) to sell its 10 % stake. So there would be selling pressure from cairn energy, where as support from Cairn India to buy below 335. So equilibrium
7.01 PM Dec 11th
of the institutions do not participate, then reaching the 17 crore buyback mark will be difficult. 60% of non-institutional holding will have to be bought back! that is a tough ask. another imp point is that from the 28.45 crore shares, 19.61 belongs to cairn energy. if u take that out, that leaves just 8.84 crore
10.11 PM Nov 29th
why r u so sure that cairn energy will sell its long held and long coveted 10% plus stake at a price lower than the price they sold their majority stake to Vedanta Group some years back? if they were desperate to sell, and that too at the mkt rate, then why wait for a buyback offer? they could have
9.23 PM Nov 29th
why would Cairn Energy sell its large chunk of shares at this price? it has been holding out for a higher price since a long time, and would be expecting a good premium to its 10% stake. makes no sense for Cairn Energy to sell in the buyback offer, that too at a lower than 335 price.
9.06 PM Nov 27th
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