Latest Updates Around The World
Tiger Global and Microsoft are set to exit PhonePe entirely as the Walmart-backed digital payments giant moves closer to a blockbuster public listing. This provides a clear snapshot of how global investors are making money from bets made during India’s FinTech boom. Bengaluru-based PhonePe has filed an updated Draft Red Herring Prospectus (UDRHP) with market […]
Apex Court: Tax Times | Photo credit: Akhilesh In 2018, three Mauritius-based entities of Tiger Global sold the shares they held in Flipkart, Singapore, to a buyer based in Luxembourg as part of Walmart’s acquisition of Flipkart. They requested a zero tax deduction, possibly on the assumption that the seller was based in Mauritius, the […]
