Oak Tree-backed Antelopus to buy controlling stake in Selan Explorations

Antelopus Energy, co-founded by former Cairn Energy COO Suniti Bhat has agreed to acquire a 21 percent stake in oil exploration and production firm Selan Explorations in one of the private equity-backed buyouts in the oil and gas sector.

Blackbuck Energy Investments, a holding entity of Antelopus, will buy shares from existing Selan promoters at Rs 200 apiece, according to an exchange notification.