{"id":397310,"date":"2021-01-25T12:15:04","date_gmt":"2021-01-25T06:45:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397310"},"modified":"2021-01-25T13:29:53","modified_gmt":"2021-01-25T07:59:53","slug":"cairn-energy-plc-shareholders-ask-indian-govt-to-return-1-2-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-energy-plc-shareholders-ask-indian-govt-to-return-1-2-billion\/","title":{"rendered":"Cairn Energy Plc shareholders ask Indian govt to return $1.2 billion"},"content":{"rendered":"<p>Some of Cairn Energy Plc\u2019s marquee shareholders that include BlackRock, MFS, Franklin Templeton and Fidelity have asked the Indian government to honour an arbitration award and return $1.2 billion to the British oil firm, sources said.<\/p>\n<p>Cairn, which on this day seven years back was first slapped with a retrospective tax assessment, is three-fourth owned by the world\u2019s top investors with $529 billion MFS Investment Management of the US being its largest investor with a 13.95 per cent stake.<\/p>\n<p>New York-based BlackRock is the second-biggest shareholder with a 12.21 per cent stake. Other investors include Fidelity International, Franklin Templeton, Vanguard Group and Aberdeen Standard Investments, according to stock exchange data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some of Cairn Energy Plc\u2019s marquee shareholders that include BlackRock, MFS, Franklin Templeton and Fidelity have asked the Indian government to honour an arbitration award and return $1.2 billion to the British oil firm, sources said. Cairn, which on this day seven years back was first slapped with a retrospective tax assessment, is three-fourth owned by the world\u2019s top investors with $529 billion MFS Investment Management of the US being its largest investor with a 13.95 per cent stake. New York-based BlackRock is the second-biggest shareholder with a 12.21 per cent stake. Other investors include Fidelity International, Franklin Templeton, Vanguard [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-397310","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=397310"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397310\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}