Wednesday, 25 March 2015

Free Indian Equity Market Advisory Services

Cairn Plc has sought compensation from the government of India for the steep fall in the value of its shares in Vedanta-controlled Cairn India, which it is not allowed to sell until it settles the controversial retrospective tax demand of $1.60 billion, orRs 10,200 crore. The British explorer retained a 10% stake in Cairn IndiaBSE 0.48 % after selling the controlling stake to Vedanta. The shares were worth about $1 billion when they were frozen by tax authorities last January. 


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