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SLUMP SALE TRANSACTION
UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
Dubai eases visa rule for single property buyersDubai has removed the minimum property value for its two-year residency visa for individual buyers. This move aims to boost realty demand. ...
Dubai home prices record first decline after post-pandemic boomDubai's red-hot housing market is cooling for the first time since 2020, with prices and sales volume dropping in March. Regional conflict ...
Sebi bans Par Drugs Chemicals from slump sale to promoter-linked entitySEBI has halted Par Drugs and Chemicals' proposed slump sale of its core business to Phal-Jig Fine Chemicals, a promoter-related entity, ci...
Zomato approves acquisition of Paytm's entertainment ticketing businessOne 97 Communications is selling its movie and events ticketing businesses to Zomato. This will be done by first transferring these busines...
Relief for M&A: Selling business, company piecemeal shouldn’t attract GST, says AAR rulingThe tax department has started scrutinising several M&A transactions where only part of a business is sold by a company.
Many retro tax rules continue to haunt companies“There are several retrospective regulations, albeit introduced from the beginning of the year, causing several problems for companies,” sa...
Taxing trouble for M&A special purpose vehiclesAlmost all large deals in 2020 and 2021, where private equity or other strategic investors picked up stakes, were structured using a specia...
Slump sale regulations could trigger transfer pricing complications for companiesAs per the rules, companies have to follow a particular methodology while valuing assets whenever they undertake a slump sale. However, man...
Listed companies that undertook slump sale may have to restate earnings following new rulesThe new slump sale rules have a precise methodology that a company is required to use while calculating the valuation of the slump sale tra...
Key takeaways from newly notified anti-abuse rules for tax valuation of slump saleThough seemingly well intentioned, the FMV Rules for slump sale had the potential to create enormous uncertainty for taxpayers if they were...
New valuation rules around slump sales could create tax troubles, say expertsThe rules announced recently mention ways in which a seller can sell the assets or companies. The rules prescribe that if a company owns va...
Businesses may have to reassess tax liability, ongoing M&As after slump sale rule changeThe slump sale amendment rules notified on Monday by the Central Board of Direct Taxes provide for taking the higher of the fair value of t...
M&A deals may have to be reworked due to change in Finance BillThe government on Tuesday had through an amendment clarified that no indexation benefit would be available and cost of acquisition shall be...
RIL hives off oil-to-chemicals bizThe interest-bearing loan from RIL to the O2C company will be an “efficient mechanism to upstream cash, including any potential capital rec...
Novartis India Q2 net rises over 600% to Rs 104 croreIn April, Novartis had agreed to divest its global Animal Health business to Lilly by transferring it to Elanco India or another affiliate ...
Chambal Fertilisers to sell Birla Textile Mills to SutlejChambal Fertilisers and Chemicals has entered into an agreement to sell its textile business to Sutlej Textiles and Industries for Rs 232.6...