GSPC – Oil Giant in India – Set to introduce US$ 6 Billion Float - GSPC (Gujarat State Petroleum Company) in India has started to prepare a US$ 6 Billion (E4.7 Billion, £3.2 Billion) listing on BSE (Bombay Stock Exchange). This move by GSPC was followed by the news that Cairn India – British owned oil group – is planning for an IPO (Initial Public Offering) of 30% of the business in Bombay in December this year (2006). Cairn is targeting to raise US$ 620 Million.
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