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Vedanta to file notice of claim against govt in Cairn India tax dispute

Cairn India received the Rs 20,497-cr tax demand in relation to its 2007 listing in India

A bird flies by the Vedanta office building in Mumbai
Reuters
Last Updated : Mar 27 2015 | 7:58 PM IST

Vedanta Resources Plc said it would file a notice of claim related to a tax demand of about Rs 20,497 crores ($3.29 billion) that its unit Cairn India Ltd received from the Indian government this month.

The notice is the first step required before seeking international arbitration under the UK-India bilateral investment treaty, London-listed Vedanta said on Friday.

Cairn India received the retrospective tax demand in relation to its 2007 listing in India.

($1 = 62.51 rupees)

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First Published: Mar 27 2015 | 7:17 PM IST

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