The stock was up 12% on Friday, 25/09, sparked by the positive outcome on Vodafone’s dispute with the Indian tax authorities. This is encouraging for Cairn, but note that both cases differ. While the tax authorities simply erased Vodafone’s tax bill, they owe up to $1.4bn to Cairn, and could offer more resistance.
28 Sep 2020
Close to a settlement in India?
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Close to a settlement in India?
Capricorn Energy PLC (CNE:LON) | 176 14.1 4.8% | Mkt Cap: 161.7m
- Published:
28 Sep 2020 -
Author:
Kevin VO -
Pages:
2
The stock was up 12% on Friday, 25/09, sparked by the positive outcome on Vodafone’s dispute with the Indian tax authorities. This is encouraging for Cairn, but note that both cases differ. While the tax authorities simply erased Vodafone’s tax bill, they owe up to $1.4bn to Cairn, and could offer more resistance.