KUALA LUMPUR: Petroliam Nasional Bhd is believed to have disposed of a 14.4% stake in Cairn India in three blocks on the Bombay Stock Exchange on Tuesday, April 19.
The wire reports said the names of the buyers and sellers were not immediately disclosed.
The reports said there had been speculation that Petronas might not tender shares in the open offer where the price might be at a discount to the current market price and would rather go ahead and sell it in the open market.
Petronas owns 14.9%.
The wire reports said the names of the buyers and sellers were not immediately disclosed.
The reports said there had been speculation that Petronas might not tender shares in the open offer where the price might be at a discount to the current market price and would rather go ahead and sell it in the open market.
Petronas owns 14.9%.
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