 "Cairn seeks Sebi help to retrieve dividend from Vedanta")
Cairn Energy Plc’s tax dispute with India has taken a new turn, with a war of words breaking out between the Edinburgh-based company and the Anil Agarwal-led Vedanta group. Cairn Energy has approached the Securities and Exchange Board of India (Sebi), complaining about non-payment of dividend due from its holding in Cairn India. Cairn Energy held 10 per cent stake in Cairn India, which, after merger with Vedanta, stands reduced to five per cent.
In a statement on Tuesday, Cairn Energy said it had written to Sebi and Cairn India about non-payment of dividends due to the company from Vedanta.
