Posts Tagged
‘Cairn Energy’

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 […]

India expects to refund $1 billion to UK-based Cairn Energy after it moved to scrap a retrospective tax law that unleashed bitter fights with prominent foreign investors, Financial Times reported. The lower house of parliament on Friday approved a draft law introduced the previous day, cancelling a 2012 policy that enabled […]