Cairn offers to pay 15% of principal amount in pending tax case

Cairn offers to pay 15% of principal amount in pending tax case

Hit hard by the retrospective tax, Cairn Energy plc of UK has offered to pay 15 per cent of the Rs 10,247 crore principal amount in return for government lifting freeze on the 9.8 per cent shares it holds in its erstwhile subsidiary, Cairn India Read more