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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