On 9 January 2007, Cairn India Limited was listed on the Bombay Stock Exchange and the National Stock Exchange of India. The Initial Public Offering (IPO) of Cairn India was the then largest IPO in the Indian primary equity markets and with a market capitalisation in excess of USD 12 billion ranks as the fourth largest oil and gas company in India.
The IPO had attracted a number of quality investors including the likes of Petronas thereby underscoring international confidence on the Indian regulatory environment, equity markets and the potential of hydrocarbon development in the country. Cairn India ranks among the top 20 E&P companies of the world and has recently been ranked as the fastest growing energy company in Asia by Platts.
The listing on the Indian bourses gives us the right platform to sustain the pace and momentum for the next phase of our development by:
- Providing the foundation for an Indian oil and gas company
- Ensuring we are well positioned to take advantage of Indian growth opportunities
- Capitalising on our strong development and operational expertise
- Increasing our base of executive and management decision-makers in India
Cairn India is committed to continuing investment in India and is very much focused on creating shareholder value by developing its world class resource base in Rajasthan and seeking to continue its track record of exploration success.
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