CAIRN.NS - CAIRN INDIA INR10

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  • Taxman Sells Cairn Energy Shares To Recover Retrospective Dues
    Bloomberg Quint7 months ago

    Taxman Sells Cairn Energy Shares To Recover Retrospective Dues

    Vedanta’s filing for the quarter ended September didn’t mention that the Income Tax Department was holding Cairn Energy’s stake.

  • Income Tax dept sells Cairn Energy shares in Vedanta for $216 million
    India Today11 months ago

    Income Tax dept sells Cairn Energy shares in Vedanta for $216 million

    The Income Tax Department seized the shares after issuing Cairn with a Rs 10,247 crore tax demand on capital gains made on at the time of the sale of business to Anil Agarwal-led Vedanta.

  • Cairn says Indian tax office sold $216 million of Vedanta shares
    Reuters11 months ago

    Cairn says Indian tax office sold $216 million of Vedanta shares

    Cairn said it still holds about 3 percent in Vedanta Ltd after the sale, while warning that it was possible that the Indian tax department might make further sales. The write down will result in an impairment charge in the company's half year results in September equal to the value of the total shares notified as having been sold by the tax department at that time, Cairn said. Indian metals and mining group Vedanta Ltd last year completed its buyout of oil and gas explorer Cairn India Ltd, giving Cairn a shareholding of about 5 percent in Vedanta plus an interest in preference shares.