India refunds Rs 7,900 cr to Cairn to settle retro tax dispute

February 24, 2022 18:50

Representational image

The Indian government has refunded Rs 7,900 crore to Britain's Cairn Energy Plc to a dispute over levy of retrospective taxes.

Cairn, which is now known as Capricorn Energy Plc, in a statement said the tax refund has been paid and 'net proceeds of $1.06 billion have been received." -- PTI

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