British energy firm Cairn Energy Plc on Thursday said it would pay all taxes due, both in India and the United Kingdom, on the $8.48 billion it will gain from selling a majority stake in its Indian ar

More than three weeks after it announced the sale of a majority stake in its Indian arm to Vedanta Resources, UK's Cairn Energy Plc has formally applied to the government for approvals, saying it will

Cairn Energy's decision to sell majority stake in Cairn India to Vedanta will not trigger pre-emption rights of its Indian partner ONGC, as the deal was just a shareholder transaction and not sale of

The government has written to market regulator SEBI saying Cairn Energy Plc's deal to sell majority stake in its Indian arm to Vedanta Resources does not yet have its approval, a condition contingent