While it was technically not possible to block the deal, the tax department could resort to arm-twisting. Image: A Vodafone store in central London. Photograph: Alessia Pierdomenico/Reuters. Vodafone Plc’s Rs 14,000-crore tax dispute with the government remains a key risk in the merger of its Indian subsidiary with Idea Cellular. The British telecom company had sought advice on how to deal with the retrospective tax in case it went ahead with the merger, tax experts said. “Apart ... Rediff.com, 3 weeks ago
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The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table. It took 30 trips to Russia over two years for veteran investment banker Rajeev Gupta to bring in the single largest foreign direct investment (FDI) of $12.9 billion when he helped Ruias sell their 98 per cent interest in Essar Oil to Russian oil major Rosneft late last year. The deal included the ...Rediff.com, 1 month ago
Feb 21 (Reuters) - The following bids, mergers, acquisitionsand disposals were reported by 1100 GMT on Tuesday: ** Kraft Heinz Co's rapid retreat from its surprise$143 billion bid for Unilever in the face ofstiff resistance knocked the Anglo-Dutch company's ...Sify, 1 month ago
Indirect transfer provisions were introduced in 2012 to handle the taxation of transactions wherein share transfers happened abroad, although the underlying assets were Indian. It appears the coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers. Sources aver the so-called category-I and -II FPIs would be kept out of the provisions. The latter could be made applicable only in those cases where the transfers have amounted to a ...Rediff.com, 2 months ago
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