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Vedanta Settles Retrospective Tax Dispute With India

The mining conglomerate said its parent Vedanta Resources has filed required forms seeking the withdrawal of claim.

Rishabh Bhatnagar
The logo of Vedanta Resources sits on a newly molded aluminum ingot. (Photographer: Oliver Bunic/Bloomberg)

Vedanta Ltd. and its group entities have settled the retrospective tax dispute with the Indian government following the amendments to the income tax law.

Last month, Cairn Energy Plc had said that it has entered into negotiations with the Indian government to end its multiyear tax spat.

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