Vedanta now holds exclusive rights to Cairn brand, renaming on Dec 13

Cairn Energy will become Capricorn Energy from that date, but will retain CNE sticker on London Stock Exchange

Vedanta now holds exclusive rights to the Cairn brand. Cairn Energy, the Scottish oil and gas exploration company, will change its company name to Capricorn Energy on December 13. The LSE stock ticker of the company, however, will remain CNE.

“This follows an agreement at the time of the Cairn India initial public offering that the name would ultimately be changed,” a statement on the Cairn Energy website said.

“Cairn Energy will discontinue the use of the brand name ‘Cairn’ as part of its corporate identity by December 2021,” Vedanta said in a statement.

“The brand ‘Cairn’ is exclusively owned