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MUMBAI: Markets regulator SEBI on Tuesday ordered Anil Agarwal-controlled Vedanta to pay Rs 77.6 crore to Capricorn UK Holdings (earlier Cairn UK Holdings) as curiosity for delayed cost of dividend by the Indian firm. Sebi additionally banned a few of Vedanta’s present and former prime executives from the marketplace for 1-2 months for his or her half in delay in cost of dividend to Capricorn UK Holdings, a former promoter of Cairn India.
The case dates to 2017 when IT authorities requested Vedanta (then Cairn India) to switch any unpaid dividends to Capricorn UK Holdings to it for a tax dispute. After that, Vedanta had transferred Rs 666.5 crore to the tax authorities.
The case dates to 2017 when IT authorities requested Vedanta (then Cairn India) to switch any unpaid dividends to Capricorn UK Holdings to it for a tax dispute. After that, Vedanta had transferred Rs 666.5 crore to the tax authorities.
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2024-03-12 23:04:29
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