Cairn Energy has raised $5.6 bn compensation demand from the Indian government for a breach in investment treaty arising out of the retrospective tax demand of Rs. 29,047 crore, says report
Cairn India Ltd stock was higher by 7% at Rs.174.Report says that Cairn Energy has raised $5.6 bn compensation demand from the Indian government for a breach in investment treaty arising out of the retrospective tax demand of Rs. 29,047 crore.
Cairn India Ltd stock was higher by 7% at Rs.174.Report says that Cairn Energy has raised $5.6 bn compensation demand from the Indian government for a breach in investment treaty arising out of the retrospective tax demand of Rs. 29,047 crore.
The scrip opened at Rs. 163 and has touched a high and low of Rs. 176.95 and Rs. 160.2 respectively. So far 5812973(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 30475.89 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 184.2 on 23-Jul-2015 and a 52 week low of Rs. 106.6 on 19-Jan-2016. Last one week high and low of the scrip stood at Rs. 166 and Rs. 144.1 respectively.
The promoters holding in the company stood at 59.88 % while Institutions and Non-Institutions held 25.88 % and 14.23 % respectively.
The stock is currently trading above its 100 DMA.
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