07 Sep 2021
H1: Indian case closed at last
The Indian tax case is finally coming to an end as Cairn announces a distribution of up to $700m (special dividend and buy-backs) to its shareholders. The company will accept the settlement with the government of India, which has offerred a refund of c. $1.06bn. This is below the $1.2bn awarded by the tribunal and well below the $1.7bn claimed by Cairn, but will save another round of tricky negotiations.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
H1: Indian case closed at last
Capricorn Energy PLC (CNE:LON) | 170 -0.7 (-0.2%) | Mkt Cap: 155.9m
- Published:
07 Sep 2021 -
Author:
Kevin VO -
Pages:
2
The Indian tax case is finally coming to an end as Cairn announces a distribution of up to $700m (special dividend and buy-backs) to its shareholders. The company will accept the settlement with the government of India, which has offerred a refund of c. $1.06bn. This is below the $1.2bn awarded by the tribunal and well below the $1.7bn claimed by Cairn, but will save another round of tricky negotiations.