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Stock impact report

Cairn Energy Freezes Indian State Property in Paris, FT Says [Financial Post (Toronto, Ontario, Canada)]

CAPRICORN ENERGY UNSP/ADR (CRNCY) 
NASDAQ:AMEX Investor Relations: cairnenergy.com/investors
Company Research Source: Financial Post
The company said it would effectively transfer the ownership of 20 properties valued at more than 20 million euros ($24 million), according to the report. How to figure out when you're financially independent so you can retire Advertisement Spokespersons for India's income tax department and finance ministry didn't respond to calls on their mobile phone. A Cairn Energy spokesperson didn't immediately respond to a text message seeking comment. Cairn has previously said it has identified overseas assets owned by India's state-owned firms for potential seizure as the U.K.-based firm looks to recover a $1.2 billion arbitration award it won last year. The Paris freeze would be the first to succeed, according to the report. ©2021 Bloomberg L.P. Bloomberg.com Advertisement Article content Share this article in your social network Advertisement In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post. Sign up t Show less Read more
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