Page 7 - Cairn Energy

Now, Cairn demands $5.6 bn from govt

$1 bn as damages, $4.6 bn for tax demand, interest and penalty

Cairn Energy seeks $5.6 billion compensation from India

A three-member arbitration panel began hearing Cairn Energy's plea against India's tax demand in May

Cairn Energy's Rs 29,000-crore retrospective tax arbitration gets underway

Sources said that the company will claim full compensation for the $1 billion value lost following the tax notice

Cairn offers to pay 15% of principal sum

Sources said Cairn Energy wants to pay Rs 1,537 cr (15% of principal amount of Rs 10,247 cr) during the pendency of the arbitration it has initiated against the demand

Cairn Energy's daunting I-T maths

The I-T Dept had on Jan 22, 2014 issued a draft assessment order of Rs 10,247 cr on alleged capital gains Cairn made in a 2006 reorganisation of its India business

Cairn Energy gets over Rs 29,000-cr tax demand

This includes Rs 18,800 cr in interest; firm says it got the notice before Budget

Cairn Energy records impairment on Indian holding

Cairn Energy holds 9.8 per cent in the Indian company after it sold off its majority stake to Anil Agarwal-promoted Vedanta Group