Posts Tagged ‘foreign investment in oil and gas’

Infrastructure India Holdings Fund to acquire minority stake in Aegis Logistics

Comments Off | 03-2-2011

Infrastructure India Holdings Fund LLC, based in Mauritius, announced it is to acquire 6.35% stake in Aegis Logistics Limited. The investment is for a consideration of Rs.68.27 crore and will see Infrastructure India Holdings subscribing to 2.12 million equity shares at 322 rupees per share. Aegis Logistics plans to use the funds for port terminal

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BP to pick up 30 per cent stake in 23 oil and gas blocks controlled by Reliance Industries in India

Comments Off | 02-23-2011

Reliance Industries and BP Tuesday went into a partnership agreement for joint venture investments in the oil and gas sector. The partnerships were signed in London between Reliance Industries Ltd’s Chairman and Managing Director Mr. Mukesh Ambani and BP Group Chief Executive Mr. Robert Dudley.
The partnership encompasses BP taking a 30 per cent stake in

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Indian Oil Corporation Ltd planning to acquire 26 per cent stake in Nuclear Power Corporation of India Ltd’s (NPCIL) project

Comments Off | 11-22-2010

State owned Indian Oil Corporation is mulling the acquisition of a 26 per cent stake in Nuclear Power Corporation of India Ltd’s 1,400 MW atomic power project at Kota. The project will be acquired for an estimated Rs. 900 crore. Nuclear Power Corporation of India is establishing the 1,400 MW power plant scheduled to be

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Indian Oil Corporation (IOC) may acquire up to 49% stake in proposed joint venture with Nuclear Power Corporation of India (NPCIL)

Comments Off | 10-16-2010

In a bid to hike its stake prospects, the Indian Oil Corporation is in a move that may result in its acquisition of up to 49 per cent stake in a proposed joint venture with the Nuclear Power Corporation of India. The move may effectively quash an earlier stake offer of 26 per cent that

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India Oil Corporation for additional exploration projects, looking for quality assets overseas

Comments Off | 09-23-2010

Indian Oil Corporation has a war chest of $1 billion for acquisition investments, reported the firm Wednesday. According to the firm, it will be targeting viable and feasible firms’ producing or developing and production assets overseas. The firm is keen on bolstering its business via investments in Exploration and Production assets. The state run Indian

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London based Vedanta Resources in talks for the acquisition of Indian oil firm Cairn India

Comments Off | 08-13-2010

Vedanta Resources plc reported Thursday that it is currently in talks for the acquisition of Indian oil firm, Cairn India. The purchase would see the London based Vedanta Resources acquire India’s biggest oilfield, owned by Cairn India. Vedanta Resources Plc said it is still in talks regarding the acquisition of an interest in Cairn Energy

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Reliance Industries (RIL) to acquire 60% in JV with Carrizo Oil & Gas

Comments Off | 08-6-2010

Reliance Industries (RIL) said Thursday that it will acquire a 60% stake in a joint venture with Carrizo Oil & Gas. Reliance Industries is the biggest listed group in India and will be acquiring the majority stake in the JV at the prosperous Marcellus Shale expanse. This acquisition therefore comes as the third the Indian

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