sesa goa (UBS) Acquires 10.4% in Cairn from Petronas

Acquires 10.4% in Cairn from Petronas; Impact: Lowers average acquisition cost; Sesa may own > 20% in Cairn; Action: Upside to valuation as average acquisition cost is likely to be lower; Valuation: maintain Buy rating and price target of Rs400
Date Rating Target Price Recommendation Price Broker house
20 Apr 2011 buy 400 307 UBS Report

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