Cairn Energy Provides Update On India Tax Dispute

Cairn Energy Provides Update On India Tax Dispute

In the latest salvo between Indian authorities and the Cairn Energy Group in the dispute concerning the controversial 2012 retrospective amendment to Indian tax law, Cairn has disclosed that the Indian Government has laid claim to a USD53m dividend payment that the group says it is owed from its shareholding in its India-based subsidiary, Cairn India Limited.