Cairn UK raises $926m in early lock-up sale in India
Cairn UK Holdings raised Rs49.31bn ($926.2m) after selling a stake in Cairn India on Monday night, taking advantage of the stock’s more than 5% rise since its sale in June. But it was only able to come to the market after agreeing with Citi, the sole lead, to sell stock before a lock-up period had expired.
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