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

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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