Cairn Energy ready to reinvest in India if retro tax issue is resolved: CEO3 min read . Updated: 04 Aug 2019, 02:36 PM IST
- Britain's Cairn Energy PLC is keen to reinvest in India if a retrospective tax issue it is facing is resolved, its CEO Simon Thomson said
- Cairn was in 2014 slapped with a tax demand of ₹10,247 crore over an internal business reorganisation it did of its India business years back
New Delhi: Britain's Cairn Energy PLC, which gave India its biggest onshore oil discovery and a gas find that opened the KG basin, is keen to reinvest in the country if a retrospective tax issue it is facing is resolved, its chief executive said.
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