Cairn Energy to vary identify to Capricorn Energy from mid-December

Cairn Energy PLC will change its firm identify to Capricorn Energy PLC from mid-December. Cairn Energy, which gave the nation its largest onland oil discovery, had in 2011 bought the India unit, Cairn India to Anil Agarwal’s Vedanta Group.
The sale included the switch of the Cairn model identify to Vedanta.
As per a PTI report, Cairn Energy PLC mentioned in an announcement it “plans to change its company name from Cairn Energy PLC to Capricorn Energy PLC, effective from December 31, 2021”.
Both the UK companies and Vedanta stored utilizing the identify, whereas Cairn Energy didn’t change its identify, the mining group continued with Cairn India Ltd until 2018 when the agency was merged with Vedanta.
With PTI