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Cairn Energy plc is Europe’s leading oil and gas exploration and development company that is listed at the London Stock Exchange. It has operations set up in various countries and is an energy giant. But why is Cairn coming after India to collect a mammoth sum of $1.4 bn and what does this mean for India? The Story Cairn is trying to seize India’s overseas assets to collect this amount and the story dates back to 2005 2006 when Cairn restructured its business in India. Back then, Cairn owned all Indian assets through a web of Indian holdings and in 2006, Cairn decided to transfer all these assets to a new entity called Cairn India. Cairn India was not listed before 2007 and this transfer was made solely to prepare Cairn India for an IPO.