Cairn India CEO Sells 1.5 Mn Shares In Company

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>The chief executive officer of Cairn India has sold more than half his shareholding in the oil and gas explorer for 512.68 million rupees, the company said in a stock exchange filing on Thursday.<br><br>Rahul Dhir has sold 1.5 million shares between January 30 and February 1, Cairn said, but did not disclose any reason for the sale.<br><br>Dhir, who has been CEO since August 2006, held 2.78 million shares or 0.15 per cent of the company's equity before these transactions.<br><br>London-listed miner Vedanta Resources acquired majority stake in Cairn India last year in a $8.7 billion deal, buying most of the stake from Cairn Energy Plc.<br><br>(Reuters)</p>