New Delhi, India, Cairn India
was listed on 9 January 2007
on the Bombay and National Stock
Exchanges. The Initial Public Offering (IPO) of Cairn India
was the largest IPO to date in the Indian primary equity markets and Cairn India
currently has a market capitalisation in excess of $10 billion, ranking as the
fourth largest oil and Gas Company in India.
The following commentary is provided
in respect of the unaudited financial results and operational achievements of
Cairn India Limited and its subsidiary companies during the third quarter of
2008.