Capricorn gets US$1.06b Tax refund in India

Capricorn confirms that the expected Indian tax refund of INR79 billion has now been paid and net proceeds of US$1.06 billion have been received.

A circular is expected to be issued in early March detailing the shareholder resolutions required in connection with the proposed shareholder return of up to US$700 million, comprising a US$500 million tender offer and US$200 million ongoing share repurchase programme.

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