Cairn India invites creative, media, PR partners

09 Feb,2012

By Shubhangi Mehta

 

Cairn India, a part of Vedanta Group, which acquired 51-60 percent of its stake in 2010, has invited agencies to be their creative, media and PR partners. The pitch is based out of Delhi. No official confirmation could be attained at the time of filing this report but agency sources close to the development have confirmed the news to MxM India.

 

There is no incumbent on the account.

For the record, Cairn started its operations in 1979, when Sir Bill Gammell, the chairman, founded Cairn Energy. In 1988, the company was listed on the London Stock Exchange. Sir Bill Gammell became its first Chief Executive and has held this position for more than two decades. Cairn Energy PLC, a FTSE 100 company, was one of the first UK companies to invest in the Indian oil and gas sector.

 

In 2010 Vedanta Resources Plc (VED.L) completed its long-delayed $8.7 billion purchase of a majority stake in Cairn Energy Plc’s (CNE.L)

 

London-listed Vedanta now holds 58.5% of Cairn India (CAIL.NS), of which 20% is held through its Sesa Goa (SESA.NS) unit.

 

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