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Cairn India CEO sells 1.5 MLN Shares in Company

  • (Reuters) - The chief executive officer of Cairn India (CAIL.NS) has sold more than half his shareholding in the oil and gas explorer for 512.68 million rupees, the company said in a stock exchange filing on Thursday.
  • Rahul Dhir has sold 1.5 million shares between January 30 and February 1, Cairn said, but did not disclose any reason for the sale.
  • Dhir, who has been CEO since August 2006, held 2.78 million shares or 0.15 percent of the company's equity before these transactions.
  • London-listed miner Vedanta Resources (VED.L) acquired majority stake in Cairn India last year in a $8.7 billion deal, buying most of the stake from Cairn Energy Plc (CNE.L).

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