This is for raising a retrospective tax demand of Rs 29,047 Cr on a 10-year old internal reorganisation of its India unit. It sought $1.05 bn in compensation for the loss of value of its 9.8% shareholding in its erstwhile subsidiary Cairn India suffered following IT Department raising the tax demand in January 2014 and attaching the shares.

Cairn Energy seeks $5.6 bn in compensation from the Indian Govt

Leave a Reply

Your email address will not be published. Required fields are marked *