London Stock Exchange · Energy
Invest in Coastal Africa stock from India
Indian and foreign residents can buy Coastal Africa (CAGL) shares directly through Paasa.
By Paasa · Updated
Coastal Africa at a glance
- Price
- £2.00+£0.00 (0.00%)
- Market cap
- £2.72M
- Day range
- £2.00 – £2.00
- P/E
- —
- Dividend yield
- None
- Volume
- 0.00
How to invest in Coastal Africa from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to GBP when you buy.
Step 3
Search CAGL and buy
Find Coastal Africa by name or by its ticker, CAGL, and place your order.
Why invest in Coastal Africa from India
What Coastal Africa does
Coastal Africa Group Ltd. acquiring and investing in the oil and gas sector, energy infrastructure, energy services and energy assets across West Africa. Its services include Cluster development, Stranded jewels, Proven brownfields, FPSO, MOPU & FSOs. Coastal Africa operates in the Oil & Gas Integrated industry within the Energy sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Coastal Africa stock from India?
Yes. Indian residents and NRIs can buy Coastal Africa (CAGL) shares directly through Paasa. Coastal Africa is listed on the London Stock Exchange, in the Oil & Gas Integrated industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are Coastal Africa dividends taxed for Indian investors?
Coastal Africa trades on the London Stock Exchange but is domiciled in British Virgin Islands, so any withholding on its dividends follows that country's rules rather than those of the UK. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Coastal Africa shares?
Non-residents are exempt from UK capital gains tax on the disposal of listed shares. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the GBP/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Is there stamp duty when I buy Coastal Africa shares?
The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it.