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CAIRN PLC
I-T dept sells shares of Cairn UK in Vedanta worth Rs 5,500 croreAfter a survey on Cairn’s India office in January 2014, the I-T department had seized its 18 crore shares in Vedanta.- Vedanta to invest Rs 50,000 crore on India biz expansion: Anil AgarwalVedanta is a major player in India's Zinc Industry, primary Aluminium market, and refined copper with market shares of 72 per cent, 40 per ...
- Cairn Energy wants $5.6 billion compensation from India for 'unlawful' tax demandCairn initiated arbitration proceedings after the Indian authorities demanded Rs 10,247 crore from Cairn Plc for what they said were capita...
- Government to appoint arbitrator in Rs 12,000-crore Cairn tax caseThe government has agreed to appoint an arbitrator for its Rs 12,000 crore tax dispute with Cairn Plc, which industry sees as a softening o...
- Cairn Energy seeks compensation from India on tax demand; Cairn India stock gainsCairn Plc has argued that it wanted to sell this stake to make investments but government action reduced its financial capacity by $1 billi...
- Cairn India at 5-year low on tax notice to Cairn EnergyCairn Energy, which had in 2011 sold majority stake in its Indian unit to mining group Vedanta for $8.67 billion, still holds 9.8% stake in...
- Tax sleuths ask UK's Cairn to hold on to stake in Indian armIt said while talks were ongoing, it had been instructed by the income tax department to keep hold of its shares in Cairn India.
- Buyback of shares to give exit to Cairn Plc: Deven ChokseyI do not think that institutional players would be ever interested in a kind of a buyback, it is more to do with Cairn Plc.
- Overhang of Cairn Plc will prevent upside on the stock: Prashasta SethMy sense is that till the point there is an overhang of Cairn Plc shares on the stock I would find it very difficult for the stock to do ex...
- Cairn ex-CEO,Rahul Dhir, leaves with Rs 200-crore worth of share bountyRahul Dhir, who will step down as CEO and managing director of Cairn India at the end of this month, leaves the company with nearly Rs 200 ...
- Vedanta says has satisfied all terms for Cairn India takeoverLondon-listed Vedanta Resources plc today said it has satisfied all conditions for acquisition of Cairn India Ltd.
- Cairn-Vedanta deal: 10-member board of Cairn India faces plenty of questionsThis month, the 10-member board of Cairn India will have to take a call on Cairn-Vedanta-ONGC controversy.
- Top management rejig at Cairn, CEO Gammell to be non-exec chairmanIn a sweeping board shake-up, Edinburgh-based Cairn Energy Plc today announced that Bill Gammell will step down as CEO of the company.
- Vedanta set to re-negotiate Cairn dealVedanta group is set to renegotiate its $9.6 bn transaction with Cairn Energy if the Indian Cabinet imposes the royalty burden on Cairn Ind...
- Govt toughens stance, set to review Cairn PSCThe government is set to review the 15-year old production sharing contract (PSC) with Cairn Plc and will not approve , or even consider, t...
- We need Indian govt nod to move ahead: Cairn CEOThe Cairn India-Vedanta deal cleared a hurdle when shareholders of Cairn Energy Plc approved it at a meeting in London.
- ONGC sends reminder to UK's Cairn Energy regarding share saleThe company sent the reminder on September 10, ONGC said in a filing to the Bombay Stock Exchange.
- Vedanta-Cairn deal stuck in red tapeCairn needs at least 10 separate clearances from the petroleum ministry before Vedanta Resources' planned purchase of a controlling stake i...
- Vedanta plunges 5.59 per cent on LSE amid talks to buy Cairn stakeIn the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on the LSE. Vedanta opened on a positive n...
- Vedanta may acquire at least 51% in Cairn IndiaVedanta Resources is in talks to acquire a majority 51% stake in Cairn India for about $ 8-8.5 bn and the deal may be announced on Sunday e...
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