** Oil and gas company Cairn Energy’s shares fall as much as 11.4 pct to 173.9p
** Co says monetary compensation from India’s income tax department unlikely before late 2019
** Cairn due to get $1.4 bln from India’s tax department after proceedings in 2015 under UK-India Bilateral Investment Treaty
** Compensation delayed due to the number of procedural matters that had been brought before tribunal since August 2018 hearings
** Vedanta in 2017 completed buyout of Cairn India, giving Cairn a shareholding of about 5 percent in Vedanta plus an interest in preference shares. The investment was valued at about $1.1 billion at the end of 2017.
** Indian tax authorities seized the shares after issuing Cairn with a $1.3 billion bill in 2014 on capital gains it said it had made on a decade-old reorganisation of its Indian business. (Reporting by Sangameswaran S in Bengaluru)