KEYFACT Energy
Cairn promised to return to India if the issue that arose after the IT dept in 2014 seized its assets after slapping a Rs 10,247-cr tax demand, was resolved.
After three days of talks with top finance ministry officials, UK’s Cairn Energy plc on Sunday said it was hopeful of reaching an amicable resolution on the $1.4 billion that an arbitration award has ordered India to return, but insisted it will continue to take steps to protect shareholder interest.
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KeyFacts Energy: Cairn India India country profile