Hardy has sold its Indian o&g business arm to Invenire Energy for a USD 8.75 MM cash, following shareholder approval of the latter's offer in July - Hardy India is now a subsidiary of Invenire. Three offshore blocks are involved in the Cauvery + Godavari basins: CY-OS-2, CY-OS-90/1 + GS-OSN-2000/1, none of which are Hardy-operated.
Hardy O&G has entered an agreement to sell its subsidiary Hardy E&P to HOEC (Hindustan Oil Exploration Co) for US$1,5 MM. Concerning are three offshore PSCs: CY-OS/2, PY-3 and GS-01.