Wednesday, January 29, 2020

Scheme of M&A wasn't fair when shares of transferor and transferee companies valued on basis of guess work

COMPANY LAW: Where in a petition filed for sanctioning of scheme of amalgamation, it was noted that no valuation of share of transferor and transferee companies had been done to arrive at share exchange ratio and same was arrived on basis of guess work, said scheme could not be termed as fair to all shareholders and thus, said scheme was to be rejected

from www.taxmann.com Latest Case Laws https://ift.tt/2U3Rkw7

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