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Cairn Gets Rs 7,900 Crores From India In Retro Tax Dispute Settlement

Press Trust of India
India refunds Rs 7,900 crore to Cairn Energy as settlement

The Indian government has refunded Rs 7,900 crore to Britain's Cairn Energy Plc to a dispute over the 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 USD 1.06 billion have been received."

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