MUMBAI, Jun (Reuters) - Cairn Energy
Cairn Energy plans to sell 66.8 million shares, or 3.5 percent of the Indian company's equity, one of the sources told Reuters. The second source said the company was selling around 66 million shares in the range of 307.40-317.50 rupees each, valuing the deal around $365 million, based on Thursday's exchange rate.
The order book for the deal will open on Friday, with Citigroup
The identity of the buyers could not be ascertained immediately.
Earlier this month, Cairn Energy agreed to buy UK-focused Nautical Petroleum
In April, it agreed to buy Agora Oil & Gas for $450 million.
Last year, Cairn sold controlling stake in Cairn India to London-listed miner Vedanta Resources
Cairn Energy shares were up 2.1 percent in London trading. Cairn India shares closed up 0.6 percent at 327.35 rupees on Thursday.
(Reporting by Prashant Mehra and Indulal P.M.; Writing by Rafael Nam and Prashant Mehra; Editing by Dan Lalor)