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Prices & Quotes - UK Markets - Cairn Energy (CNE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 140.30p
Change Today:
-2.90p
Market Cap:
827.14m
Sector:
Oil & Gas Producers

International arbitration panel rules in favour of Vodafone in Indian tax case

By Alexander Bueso

Date: Friday 25 Sep 2020

LONDON (ShareCast) - (Sharecast News) - An international arbitration tribunal in The Hague has handed down a sentence in favour of Vodafone in its $2bn tax claim dispute with New Delhi.
According to Reuters, which cited two sources with direct knowledge of the matter, the judges found that the Indian government's imposition of a tax liability on the telecommunications giant breached the investment treaty between India and the Netherlands.

India had claimed approximately $3.79b from Vodafone, including $2bn in taxes, on top of accrued interest and penalties.

New Delhi had other such outstanding cases against over a dozen other companies, including Cairn Energy.

India's Supreme Court had already found in favour of Vodafone in 2012 but the country's government later changed rules to be able to impose taxes on takeover deals, such as the 2007 acquisition of Indian mobile assets by Vodafone.

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Cairn Energy Market Data

Currency UK Pounds
Price 140.30p
Change Today -2.90p
52 Week High 207.80p
52 Week Low 60.70p
Volume 534,787
Shares Issued 589.55m
Market Cap 827.14m

Performance Indicators

Compare performance with the sector and the market.

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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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sector
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What The Brokers Say

Strong Buy 9
Buy 1
Neutral 4
Sell 0
Strong Sell 1
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Cairn Energy Dividends

No dividends found

Trades for 21-Oct-2020

Time Volume / Share Price
16:43 70,421 @ 141.01p
16:35 123,269 @ 140.30p
16:29 1 @ 141.10p
16:29 2 @ 140.60p
16:29 2 @ 140.60p

Cairn Energy Key Personnel

CEO Simon Thomson
CFO James Smith