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IN BRIEF: Capricorn Energy makes progress on tax refund in India

Thu, 06th Jan 2022 11:47

Capricorn Energy PLC - Edinburgh-based oil and gas exploration company, previously called Cairn Energy - Announces that it is in the final stage in its undertakings with the Indian government after withdrawing all global enforcement proceedings. Upon the acceptance of its application, the Indian government will pay the company a tax refund of around USD1.06 billion.

Current stock price: 199.45 pence, up 3.1%

12-month change: down 21%

By Greg Roxburgh; gregroxburgh@alliancenews.com

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