What happened with the Adani and NDTV transaction? | In Focus podcast
In Focus by The Hindu
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The Income Tax Department Will Not Allow Transfer of Shares
The company are r p aris to issue new shares, so they don't have to sell ne shares to the rdanes. So it's a transfer of ownership by issuing new shares, not by transferring what they currently own. They effectively lose control because the company called ar r p ar is going to issue so many shares to v c p l thatv c p l is the defectof owner or controller of rr p r itself. The income tax department has told them not to transfer the shares. It just means it'll delay the process. And now there's income tax things,. They will try a lot of technicalitieslegalities, and play the whole thing as much as
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