{"id":316323,"date":"2020-01-24T12:39:17","date_gmt":"2020-01-24T07:09:17","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=316323"},"modified":"2020-01-24T12:39:17","modified_gmt":"2020-01-24T07:09:17","slug":"cairn-india-hunts-for-big-oil-partner-via-stake-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-india-hunts-for-big-oil-partner-via-stake-sale\/","title":{"rendered":"Cairn India hunts for big oil partner via stake sale"},"content":{"rendered":"<p>Mumbai: The Anil Agarwal-led Vedanta is looking to sell a minority stake in Cairn India to a strategic partner as the diversified oil-to-metals conglomerate looks to cut its mammoth $6.6 billion (Rs 46,500 crore) debt and revive cash flows amid economic uncertainty.<\/p>\n<p>Cairn is the country\u2019s largest private sector oil and gas producer accounting for nearly a quarter of India\u2019s total domestic crude oil production and Vedanta may look to dilute up to 25% to raise a minimum of $1.5-2 billion (Rs 10,500-14,100) through this \u201cvalue unlocking\u201d exercise. Bank of America Merrill Lynch and Barclays have been mandated to run a formal process, said multiple people aware of the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The Anil Agarwal-led Vedanta is looking to sell a minority stake in Cairn India to a strategic partner as the diversified oil-to-metals conglomerate looks to cut its mammoth $6.6 billion (Rs 46,500 crore) debt and revive cash flows amid economic uncertainty. Cairn is the country\u2019s largest private sector oil and gas producer accounting for nearly a quarter of India\u2019s total domestic crude oil production and Vedanta may look to dilute up to 25% to raise a minimum of $1.5-2 billion (Rs 10,500-14,100) through this \u201cvalue unlocking\u201d exercise. Bank of America Merrill Lynch and Barclays have been mandated to run [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-316323","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=316323"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316323\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=316323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=316323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=316323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}