|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||4.8500 - 4.8500|
|52-week range||3.0496 - 6.8676|
|Beta (5Y monthly)||1.95|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||4.15 (84.60%)|
|Ex-dividend date||08 Jan 2021|
|1y target est||N/A|
India has asked state-run banks to withdraw funds from their foreign currency accounts abroad, two government officials and a banker said, as New Delhi fears Cairn Energy may try to seize the cash after an arbitration ruling in a tax dispute. Cairn was awarded damages of more than $1.2 billion plus interest and costs in December in a long drawn-out tussle with the Indian government over its retrospective tax claims. While New Delhi has filed an appeal, the London-listed firm has started identifying Indian assets overseas, including bank accounts, that could be seized in the absence of a settlement, which Cairn says it is still pursuing.
India has appealed against an order by an international tribunal to pay $1.2 billion in damages, plus other costs, to Cairn Energy in a long-running tax dispute, two sources with direct knowledge of the matter told Reuters. India, which is now liable to make this payment, had said previously it would challenge the order. The appeal, filed on Monday in a Dutch court, comes as Cairn is pulling out all the stops to recover the damages award, including hiring a team of asset recovery experts.
The latest analyst coverage could presage a bad day for Cairn Energy PLC ( LON:CNE ), with the analysts making...