Cairn Energy says it has identified Indian assets for seizing should it be not paid

Cairn Energy is pursuing the option to monetise the arbitration award it won against India by potentially transferring the award to third-party fund or pledging Indian assets, the company said in an earnings statement that showed India’s liability at $1.7 billion.

An arbitration tribunal ruled in favour of Cairn Energy in a six-year-old retrospective tax dispute in December and ordered the Indian government to pay the UK firm damages of $1.2 billion plus interest and cost, which at the