RBI allows cross border mergers under FEMA regulations
Updated : March 29, 2018 04:27 AM IST
“The valuation of the Indian company and the foreign company shall be done in accordance with Rule 25A of the Companies (Compromises, Arrangement or Amalgamation) Rules, 2016,” the regulations issued by the RBI says.
The move can impact the insolvency and bankruptcy proceedings as well, as it looks to encourage foreign bidders to buy Indian assets.
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