India's arbitration payment to Cairn - $1.7 Billion. Cairns market13 Mar 2021 15:48
cap is £888 million. The Internationa Arbitration has awarded Cairn $1.4 Billion, which the Indian Government are dragging their heels paying. So what if $1.4 billion in £?
$1 is worth 72p, or £0.72.
1,700,000,000 x 0.72 is £1,224,000,000 (£1.2 billion).
So if Cairn get the $1.7 Billion then Cairns sp should go to (888m + 1,200m = 2,088m / 499m in issue = £4.18p.)
The Indian Government will pay I think. I believe thay don't have much choice.
All IMHO.