RE: The International Arbitration award to Cairn from India is more than26 May 2021 09:47
Cairn's market cap of £800m.
The award, to compensate for India's illegal retrospective tax etc.., is for £1.2 Billion ($1.7 billion).
The thought occurs to me that the Indian Government would be better off making an offer to buy Cairn lock, stock & barrel.
If they offer to buy Cairn for £1.2 billion, and the market goes for it, they would have all Cairn's assstts for their £1.2 Billion instead of nothing. In fact as long as they paid less than £2 billion they would be better off, would they not?? As in compensation £1.2 Billion plus Cairn's current market cap of £800m.
All IMHO..