News Oil & Gas

Cairn starts buyback following Indian tax refund

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Cairn Energy plc announced it had initiated a buyback programme of up to £20 million of its ordinary shares.

Shares: Cairn has initiated a share repurchase programme (Pixabay – generic)

PERIOD

This will be prior to the anticipated larger buyback programme following receipt of the Indian tax refund.

The company added that Morgan Stanley would handle the programme beginning today (15 November) and ending no later than 31 January.

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