Posts Tagged
‘cairn energy tax dispute’

Following the issuance of Form-II, Cairn will now start withdrawing all cases in international courts. Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC’s undertakings which would allow for the refund of taxes, sources said. Meeting the requirements of the […]

British oil and gas company Cairn Energy Plc today announced that it will initiate a buyback of shares following the receipt of Indian tax refund. Announcing its plans for a buyback, Cairn said it will start an initial share repurchase programme of its ordinary shares of 21/13 pence each of up to £20,000,000.. “This programme […]