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More promoters transfer funds to trusts to plan succession and save taxes: report

Updated : March 05, 2019 11:46 AM IST

The trend is helped by the Securities and Exchange Board of India (Sebi), which has granted open offer exemptions to as many as 47 promoters: report
According to Mint, 31 out of 47 exemptions were granted since the beginning of 2017 a period that saw rising concerns over a possible return of estate duty.
More promoters transfer funds to trusts to plan succession and save taxes: report

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