Cairn India Limited News, Corporate filings and Earnings/Conference Calls

Name: Latest research reports of Cairn India Limited authored by IDBI Capital and published by - Trendlyne research reports.
Item: Cairn India Limited
Rating: 3
Author: IDBI Capital

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Cairn India Limited

12 Aug 2016

AGM

Newspaper Advertisements of Notice of Court Convened Meeting and postal ballot

BSE India

Cairn India Ltd has submitted to BSE a copy of Newspaper Advertisements of Notice of Court Convened Meeting and postal ballot.

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Cairn India Limited

11 Aug 2016

Vedanta merger: Cairn calls shareholders' meeting on September 12

Economic Times

NEW DELHI: Cairn India has called a shareholders' meeting on September 12 to seek approval for the company's takeover by its parent Vedanta Ltd under a revised all-share deal. In a bid to salvage the merger of cash-rich oil firm Cairn India with its debt-laden parent Vedanta, billionaire Anil Agarwal-led group had last month sweetened the deal by offering three additional preference shares in hope of winning over minority shareholders like LIC. Through the merger, Agarwal is looking to create India's largest diversified natural resources firm, which could compete with BHP Billiton and Vale SA. While the meeting will happen in Mumbai, shareholders can vote for the deal through e-voting commencing from 0900 hours on September 9 till 1700 hours on September 11, according to a notice sent by Cairn to its members. Postal ballots can also be cast during the duration of the e-voting. In the revised offer, Vedanta will give minority shareholders of Cairn India one equity share and four redeemable-preference shares with a face value of Rs 10 each. The preference shares will carry a coupon of 7.5 per cent and tenure of 18 months. Shareholders have to vote on a resolution seeking nod for "the proposed amalgamation embodied in the Scheme of Arrangement of Cairn India with Vedanta ." It also seeks to authorise the company board "to do all such acts, deeds, matters and things, as it may, in its absolute discretion deem requisite, desirable, appropriate or necessary to give effect to this resolution and effectively implement the amalgamation." Vedanta is...

Cairn India Limited

10 Aug 2016

AGM

Notice of Court Convened Meeting & Postal Ballot

BSE India

Cairn India Ltd has informed BSE regarding Notice of Court Convened Meeting & Postal Ballot.

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Cairn India Limited

08 Aug 2016, 03:36PM

Framed model BIT to minimise Cairn Energy type dispute: Nirmala Sitharaman

Economic Times

Cairn Energy Plc and Cairn UK Holdings Ltd have initiated international arbitration under India-UK Bilateral Investment Protection and Promotion Agreement.

Cairn India Limited

28 Jul 2016

Sell Cairn India, target Rs 185: Manish Sharma

Economic Times

Sell Cairn India Ltd. at a price target of Rs 185 and a stop loss at Rs 201 from entry point

Cairn India Limited

26 Jul 2016

Company Update

Change of Registered Office

BSE India

Cairn India Ltd has informed BSE that the Registered Office of the Company has been changed from 101, First Floor, 'C' Wing, Business Square, Andheri Kurla Road, Andheri (E) Mumbai - 400059 to First Floor, Wing "C", Unit No. 103, Wing-2, Corporate Avenue, Chakala, Andheri (East), Mumbai - 400093 w.e.f. July 26, 2016.

Cairn India Limited

26 Jul 2016

Cairn India says ONGC agrees to extending Barmer contract

livemint

ONGC has agreed to an extension of Cairn India's production sharing contract at its Barmer oilfield in Rajasthan for 10 more years after the original contract ends in 2020

Cairn India Limited

26 Jul 2016

RESULT REVIEW of Cairn India Ltd

Hold: Cairn India Limited

IDBI Capital

Cairn India (Cairn) came out with mixed bag in Q1FY17, where revenue and PAT were below our expectation due to lower than expected realization and higher than expected DDA while EBITDA was above expectation on the back of lower other expenses and adoption of Ind AS. Revenues declined 28.2% YoY to Rs18.9 bn due to 33% fall in oil realization to US$37.9/bbl. Also, its net production volume declined 4% due to lower production from Rajasthan basin. EBITDA decreased 41% YoY to Rs7.9 bn owing to lower volume and realization. However, it came above expectation due to better cost management and adoption of Ind AS. Further, due to change in accounting policy, DDA expenses increased 9% YoY to Rs8.1 bn. Consequently, its net profit...

Cairn India Limited

25 Jul 2016

Company Update

Earnings Presentation

BSE India

Cairn India Ltd has submitted to BSE a copy of Earnings Presentation Quarterly Results Q1 FY17

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Is Cairn India Limited worth buying?

5 Votes:

Buy 40.0%

Sell 40.0%

Hold 20.0%