Templeton Strategic Emerging Markets Funds raises stake in Indian Oil & Gas Exploration Services

Dr. Mark Mobius, executive chairman of Templeton Emerging Markets Group said, “We are impressed with Shiv-Vani’s oil & gas exploration services capabilities and thought it fit to add to our existing investment in the company. The demand for oil and gas continues to rise all around the world and thus the demand for Shiv-Vani’s services should increase.

Shiv-Vani is one of India’s largest onshore oil & gas services provider focused on deep well drilling and seismic services. Shiv-Vani also provides end to end services in drilling, extraction, compression and dispatch of gas in its coal bed methane (CBM) business.