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Reliance, BP pay $36 mn for exit of Niko in KG-D6 block, acquire 10% stake
The firm was paid USD 36 million to settle an arbitration it had initiated against Reliance and BP trying to force it out of the block over default in payment
Niko raises $300 mn using KG-D6 block as mortgage
The company, which owns a 10% stake in D6, raised about $300 mn first-ranking security over the company's participating interest in the block