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Update - Capricorn (Cairn) Energy Receives Refund Ending Dispute with India Regarding Retrospective Capital Gains Tax Assessment

|Approved Changes|India
India

Capricorn (Cairn) Energy announced on 24 February 2022 that it has received its expected Indian tax refund of INR 79 billion (~USD 1.06 billion) following the resolution of a dispute regarding a retrospective capital gains tax assessment issued by the Indian tax authorities in 2016 for an indirect transfer of shares in 2006. As previously reported, the 2006 transfer was not taxable at the time…

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