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Cairn Energy

Apr 16, 2014 at 18:37 | Source: PTI
The I-T Department had earlier this year restrained Cairn from selling the stake over alleged tax evasion on Rs 24,500 crore of capital gains made when it transfered its India assets to a new company, Cairn India, in 2006-07
Mar 26, 2014 at 08:24 | Source: CNBC-TV18
Tata Steel | Cairn India | Petronet LNG | Gujarat Gas | KSK Energy | GSK Consumer | State Bank of Travancore | Unity Infraprojects | SJVN | Tilaknagar Industries | Jet Airways | Fortis Healthcare | Jindal Stainless | Gulf Oil Corporation | Oil India | Coal India and Britannia are stocks, which are in the news today.
Mar 25, 2014 at 19:00 | Source: CNBC-TV18
Shareholders that had submitted their shares in open offers and buybacks of many big companies over the past 3-years will now have to face taxmans scrutiny
Mar 18, 2014 at 16:02 | Source: PTI
The Board has decided to suspend the previously announced share buy-back programme as of March 21 until the position regarding the Cairn India shareholding is resolved.
Mar 18, 2014 at 13:59 | Source: Reuters
The oil and gas explorer, which is active in India, also said it was complying with tax legislation in countries it was active in, including India.
Mar 07, 2014 at 15:34 | Source: PTI
Agarwal was asked about Vedanta's 8.67 billion acquisition of oil producer Cairn India from Cairn Energy, which was announced in August 2010 and completed in December 2011.
Feb 21, 2014 at 09:57 | Source: CNBC-TV18
Sakthi Siva, Credit Suisse said Cairn Energy and Tata Motors are the most undervalued using price-to-book versus ROE valuation model while Tata Motors and HCL Technologies rank strongly on three-month EPS revisions.
Jan 24, 2014 at 17:02 | Source: CNBC-TV18
CNBC-TV18s Shereen Bhan sat down with Banmali Agrawala, President and CEO-South Asia, GE; Vipul Tuli, Director, McKinsey & Company; SC Tripathi, Former Oil Secretary; Vikram Singh Mehta, Chairman of the Brookings India Institute and P Elango, CEO of Cairn India to discuss how can the country meet its challenges in the oil and gas space.
Jan 24, 2014 at 16:58 | Source: PTI
The I-T Department had started an investigation on January 15 to establish if capital gains tax was due from Cairn Energy's transfer of shares of Indian assets that were held in a subsidiary set up in the tax haven of Jersey to newly incorporated Cairn India in 2006.
Jan 24, 2014 at 08:48 | Source: CNBC-TV18
Ranbaxy Labs | Sesa Sterlite | Hindustan Zinc | MBL Infra | Mastek | GMR Infrastructure | Sun Pharma Advanced Research Company | L&T Finance Holdings | Novartis | Cairn India | Triveni Turbine | Zee Media and Parrys Sugar are stocks, which are in the news today.
Messages on Cairn Energy »

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Platinum Member

208866 Followers

Cairn India  

Source:Calcutta Telegraph News - New Delhi, April 16 (PTI): Undeterred by the income tax department’s restrictions, Cairn Energy Plc has sought fresh approval from shareholders to sell its 9.65 per cent stake in Cairn India when such curbs are lifted. In January, the income tax department had

12.04 PM Apr 17th

ckkc2005

Silver Member

0 Follower

Cairn India  

Expecting dividend of abt Rs.7/-per share & annoncement of cancellation of buy-back which is unlkely without participation of Cairn Energy U.K which itself has cancelled its buyback because of problem from Income-tax problem & stay on its asset sale in Cairn Indiia. This buyback has stalled

12.26 PM Apr 8th

PK675

Platinum Member

125 Followers

Cairn India  

While the I-T Department has so far not raised a tax demand on Cairn Energy, it has ordered Cairn India not to allow the transfer of UK firm`s residual stake. It also ordered that the shares cannot be pledged or mortgaged. Read more at: http://t.in.com/0

8.34 PM Apr 3rd

PK675

Platinum Member

125 Followers

Cairn India  

I personally feel Income Tax Notices to Cairn Energy UK would have trap laid by Anil Agrawal, to force Cairn UK to exit or negotiate the 10.3 % stake. Anil Agrawal has very good rapport with both Congress & BJP. Hence he can get it done very easily after his inability to gather sufficient shares

8.25 PM Apr 2nd

dipu_1990

Platinum Member

62 Followers

Cairn India  

to others? u earlier said Cairn Energy will not sell at low price, and AA is keeping the price low. now it turns out that the buyback was brought about just for the CE`s residual shares! and now CE is ready to sell its huge block of shares at a rate which they could have got 3 yrs back! the IT people have

8.22 PM Apr 2nd

myluram66

New Member

0 Follower

Cairn India  

One question to other boarders. Why Cairn Energy should off load shares to Buy Back programe. This can be put up for sale and any banker will deal this with their Exploration company worldwide. The new comer will catch up those share and acquire further shares in the market within the SEBI

5.40 PM Apr 2nd

mu_sa_77

Gold Member

14 Followers

Cairn India  

I dont think so. Cairn Energy UK is looking to sell its residual stake to India. Cairn India announced buyback with idea of taking up this stake as well. But due to capital gain taxman issues, Cairn UK dropped the plan of selling its residual till clarity comes and so there is official suspension

10.21 PM Apr 1st

atul30

Platinum Member

58 Followers

Cairn India  

It is not Cairn India, that has suspended the buy back. It is actually Cairn Energy UK who have suspended their own buy back because they were not getting money out of proposed buy back by Cairn India due to embargo put up by the IT department. As such, Cairn India can continue to buy back

7.18 PM Apr 1st

dipu_1990

Platinum Member

62 Followers

Cairn India  

Cairn Energy Plc had announced that it would return $300 million to its shareholders through a share repurchase programme. It has since bought back nearly 2.52 crore shares for $94.7 million. On Monday, while announcing its annual results for 2013, Cairn Energy said

12.09 PM Mar 19th

dipu_1990

Platinum Member

62 Followers

Cairn India  

Cairn India buyback has not been called off! Cairn Energy (CE) buyback in London has been called off. it was to use the money from selling its shares in he Indian buyback to use in its own buyback. since that has been prohibited by Indian tax authorities, CE had to call off its buyback.

10.18 AM Mar 19th

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Apr 17, 2014 at 08:46 | Source: Economic Times
Apr 17, 2014 at 03:17 | Source: Calcutta Telegraph News
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