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Cairn Energy Ending Its $1 Billion Tax Spat With India

  • Energy producer set to receive a $1.06 billion refund
  • Special dividend to shareholders expected ‘by early 2022’
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Cairn Energy Plc is ending its multiyear tax spat with India, promising shareholders a payout by early 2022. 

The oil and gas producer, which is set to receive about $1.06 billion in the settlement, said Wednesday it had entered negotiations with the Indian government, moving “toward expediting the refund.”