Policy & Regulations
Promotors can retain control even as they raise capital from global investors.
Adi Partners plans to acquire 49% of Jet Airways, while the employees’ consortium will hold 26%.
State-run lenders led by SBI is carrying out the bidding process for new investors and has shortlisted four suitors who will now submit binding bids.
The interim funding is supposed to help Jet Airways keep at least some of its planes flying till the lenders find a buyer.
State Bank of India (SBI), the largest lender to cash-strapped Jet Airways, said it was in the interest of lenders to revive the distressed carrier.
Etihad is learnt to have asked SBI to buy its 24% stake in Jet for about Rs 400 crore. It had bought the stake in 2013 for $379 million, or about Rs 2
Consideration for share sale, including premium up to ₹25 crore, will be exempted from the provisions of Section 56 (2) (viib) of the Income Tax Act
The Central Board of Direct Taxes (CBDT) is expected to extend angel tax exemption to companies with paid-up capital and share premium of up to ₹25
The guidelines that will come to effect from February are stricter in nature, causing companies such as Amazon India and Flipkart to go back to the dr
The government recently announced new rules to bar online retailers from selling products of companies in which they own stakes.
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