Cairn India gains after erstwhile parent moves to settle tax dispute

Cairn India gains after erstwhile parent moves to settle tax dispute

Shares of Cairn India gained over 2 per cent in trade on Thursday amid reports parent Cairn Energy of UK has offered to pay 15 per cent of the Rs 10,247-crore principal amount in return for the government lifting freeze on the 9.8 per cent shares it holds in the erstwhile subsidiary

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