{"id":449973,"date":"2021-11-16T09:01:39","date_gmt":"2021-11-16T03:31:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=449973"},"modified":"2021-11-16T11:15:52","modified_gmt":"2021-11-16T05:45:52","slug":"cairn-energy-says-will-start-buyback-with-1-bn-tax-refund-from-indian-govt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-energy-says-will-start-buyback-with-1-bn-tax-refund-from-indian-govt\/","title":{"rendered":"Cairn Energy says will start buyback with $1 bn tax refund from Indian Govt"},"content":{"rendered":"<p>Cairn Energy Plc today announced that it would use proceeds of $1 billion tax refund from the Indian government to initiate a buyback of its shares at a later date.<\/p>\n<p>It has also commenced an initial share repurchase programme of its ordinary shares up to \u00a320 million as a prelude to the anticipated larger buyback programme to commence following receipt of the Indian tax refund, said the company in a press statement. <\/p>\n<p>Cairn has entered into non-discretionary arrangements with Morgan Stanley &amp; Co. International Plc in relation to the purchase by Morgan Stanley, acting as principal during the period commencing on 15 November 2021 and ending no later than January 31, 2022,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cairn Energy Plc today announced that it would use proceeds of $1 billion tax refund from the Indian government to initiate a buyback of its shares at a later date. It has also commenced an initial share repurchase programme of its ordinary shares up to \u00a320 million as a prelude to the anticipated larger buyback programme to commence following receipt of the Indian tax refund, said the company in a press statement. Cairn has entered into non-discretionary arrangements with Morgan Stanley &amp; Co. International Plc in relation to the purchase by Morgan Stanley, acting as principal during the period commencing [&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":[135,130,169],"tags":[],"class_list":["post-449973","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449973","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=449973"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449973\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=449973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=449973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=449973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}