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IT dept 'surveys' Cairn India on transfer of assets

Jan 22, 2014

IT dept 'surveys' Cairn India on transfer of assets

Cairn Energy plc had transfered the India assets into the newly incorporated Cairn India Ltd and listed the firm on the stock exchanges through an initial public offering (IPO). #Income Tax Department #CompanyWatch #Cairn India #Vedanta Group
Capital gains tax: Income Tax dept surveys Cairn India office

Jan 22, 2014

Capital gains tax: Income Tax dept surveys Cairn India office

The Income-Tax department has 'surveyed' the office of nation's largest oil producer Cairn India in connection with transfer of assets by its erstwhile UK promoter, Cairn Energy plc to the Indian entry. #WhyNow #Cairn Energy #Income tax #Cairn India #Capital gains tax
Cairn India to invest up to $750mn on KG-Basin Block over 5yrs

Dec 05, 2013

Cairn India to invest up to $750mn on KG-Basin Block over 5yrs

Once the Director General of Hydrocarbons approval comes, the JV will invest USD 700-750 million over 3-5 years on the Block. The investment includes creation of necessary infrastructure and production, sources said. #CompanyWatch #Cairn India #KG basin
Cairn India approves up to Rs 5,725 cr share buyback programme

Nov 26, 2013

Cairn India approves up to Rs 5,725 cr share buyback programme

Cairn India today said it will spend up to Rs 5,725 crore to buy back shares, a move which would help promoter Anil Agarwal-led Vedanta Group gain greater control over oil producer without putting any money. #Business #Vedanta #CompanyWatch #Cairn India #Anil Agarwal #equity buyback #buyback share
Cairn India to spend $1 bn on buyback, board to meet tomorrow

Nov 25, 2013

Cairn India to spend $1 bn on buyback, board to meet tomorrow

The share purchase will include buying back Cairn Energy Plc's 10.3 percent stake in the company #Vedanta #Cairn India #Anil Agarwal #equity buyback