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Miner Vedanta to file notice of claim in Cairn India tax dispute

Reuters - UK Focus

March 27 (Reuters) - Vedanta Resources Plc (Other OTC: VDNRF - news) said it would file a notice of claim related to a tax demand of about 205 billion Indian rupees ($3.29 billion) that its unit Cairn India Ltd received from the Indian government this month.

The notice is the first step required before seeking international arbitration under the UK-India bilateral investment treaty, London-listed Vedanta said on Friday.

Cairn India received the retrospective tax demand in relation to its 2007 listing in India. ($1 = 62.51 Indian rupees) (Reporting by Mamidipudi Soumithri in Bengaluru; Editing by Kirti Pandey)