https://www.taxtmi.com/news?id=24022 Deemed approval under the Green Channel was recorded for IBM's internal restructuring to separate its managed infrastructure services (MIS) business into newly incorporated acquirers, Kyndryl Holdings LLC and Grand Ocean Managed Infrastructure Services Private Limited. The MIS Business, presently housed in Network Solutions Private Limited and IBM India as indirect wholly owned subsidiaries of IBM, includes specified infrastructure and security-related offerings but excludes the public cloud platform. The acquirers were incorporated to implement the separation and will house and operate the MIS Business post-transaction. en-us Tue, 11 May 2021 12:37:30 +0530 Tue, 11 May 2021 12:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24022 Deemed approval under the Green Channel was recorded for IBM's internal restructuring to separate its managed infrastructure services (MIS) business into newly incorporated acquirers, Kyndryl Holdings LLC and Grand Ocean Managed Infrastructure Services Private Limited. The MIS Business, presently housed in Network Solutions Private Limited and IBM India as indirect wholly owned subsidiaries of IBM, includes specified infrastructure and security-related offerings but excludes the public cloud platform. The acquirers were incorporated to implement the separation and will house and operate the MIS Business post-transaction. News - Tue, 11 May 2021 12:37:30 +0530 https://www.taxtmi.com/news?id=24022