Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
Cairn said Tuesday it expects its feud with the Indian government to be resolved in the “near term,” allowing the company to distribute a special dividend and buy back shares. A settlement would bring to an end a multiyear battle, during which Cairn initiated proceedings in numerous locations globally to enforce an arbitration ruling in its favor.
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September 07, 2021 at 02:42PM
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Cairn Energy's India Settlement to Bring Investors $700 Million - Bloomberg
"bring" - Google News
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