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Cairn India IPO priced at Rs 160 per share

At the lower end of the Rs 160-Rs 190 price band

Cairn India has priced its mega IPO at Rs 160 per share, at the lower end of the Rs 160 to Rs 190 price band. The IPO closed on Friday 15 December.

Following the IPO, Cairn Energy Plc will own 69.5% in Cairn India, excluding any exercise of the over-allotment option. Allotment of Cairn India shares is expected to take place on 29 December and trading in the scrip is expected to commence in early January 2007.

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