group companies

Adani sells $1.87 billion stake in Group companies

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Adani sells .87 billion stake in Group companies

Mumbai: Adani Group on Thursday said US-based boutique investment firm GQG Partners has picked up equity stakes worth $1.87 billion (₹15,446 crore) in four listed group companies – Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission and flagship Adani Enterprises – via secondary share sales. These transactions took place through a series … Read more

Corporate Trends – Company – News – The Economic Times

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Corporate Trends – Company – News – The Economic Times

MNCs fear equalisation levyThe government recently expanded the scope of the equalisation levy – imposed on cross-border digital transactions in 2016 in a bid to tax internet giants’ digital advertising revenues from India –to include any purchase by an Indian or India-based entity through an overseas e-commerce platform, with effect from April 1. Source link