Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: empanelment :: ACCOUNTING STANDARDS :: cpt :: VAT RATES :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARD :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment
 
 
« Mergers and Acquisitions »
  Govt to explore mergers & acquisitions across state-run units
 Government to explore mergers & acquisitions across state-run units
 Govt mulls merger of 6 consultancy firms into Engineers India
 13 Design Industry Mergers & Acquisitions
 25 anesthesia mergers & acquisitions in the past year
 3 Big Mergers & Acquisitions That We Could See in 2017
 Govt mulls merger of six consultancy firms into Engineers India
 MENA mergers and acquisitions perform soundly in 2016 despite challenges
 Govt to explore mergers & acquisitions across state-run units
 Mergers & Acquisitions Heat Up the Promo Industry in January
 Mergers and Acquisitions: 2016 Update

India supports mergers & acquisitions
October, 06th 2009

India supports cross-border mergers and acquisitions involving home-grown companies but cannot change rules to accommodate one firm, Commerce Minister Anand Sharma said Monday, referring to the aborted $24-billion cash-cum-equity deal between Indias Bharti and South Africas MTN.

It is not an issue of convertibility or dual listing. The government cannot change its policy for any particular business deal, Sharma told reporters on the sidelines of a seminar organised by the National Productivity Council.

If the deal had gone through, it could have created the worlds third largest mobile phone entity.

According to Bharti, the proposed deal - which even had the backing of Prime Minister Manmohan Singh - was called off after the South African authorities declined to accept certain regulatory constraints on the part of both sides.

This structure needed an approval from the government of South Africa that has expressed its inability to accept it in the current form, said a statement by Bharti Airtel last week.

In view of this, both companies have taken the decision to disengage from discussion, said the statement issued after the closing of stock markets in both India and South Africa.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions