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Update - Capricorn (Cairn) Energy in Final Stage of Resolving Dispute with India Regarding Retrospective Capital Gains Tax Assessment

|Approved Changes|India
India

Capricorn (Cairn) Energy has announced that it has entered into the final stage of its undertaking with the Government of India to resolve a dispute regarding a retrospective capital gains tax assessment issued by the India tax authorities in 2016 for an indirect transfer of shares in 2006. This will include a tax refund of approximately INR 79 billion (~USD 1.06 billion). Note, Cairn Energy c…

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