Mumbai: Vedanta Ltd on Wednesday said it will challenge stock market regulator SEBI’s Rs 77.6 crore penalty for delay in dividend payment to its former shareholder Cairn Energy.
Cairn Energy withdraws all litigations against India in retrospective tax case
New Delhi/IBNS: Cairn Energy, now known as Capricorn energy, has withdrawn all cases in relation to retrospective taxes, allowing the Indian government to roll back the tax regimen and refund the taxes collected in this regard to the company, media reports said.
UK's Cairn Energy drops litigation against GoI, Air India in US
Washington D.C/IBNS: Cairn Energy renamed Capricorn Energy has entered into a scheme with the Indian government seeking a refund in taxes and to conclude the multi-billion dollar dispute between both parties.
Cairn expecting payment of $1.06 billion from India within weeks: Report
Cairn Energy Plc has said its shareholders can expect a return of as much as $700 million once it settles a lingering tax dispute with India, according to media reports.