https://www.taxtmi.com/news?id=24765 The strategic disinvestment used an Enterprise Value (EV) bidding approach requiring a combined debt-and-equity quote with a prescribed split, structured as a sale of the company as a going concern. Specified non-core assets are excluded and transferred to a government asset holding vehicle. A reserve price was fixed based on adviser valuations, sealed competitive bids were invited, and the SPA-issued to qualified bidders before bidding-requires satisfaction of agreed Conditions Precedent by the parties before closing. Employee protection measures and adviser appointments form part of the transaction framework. en-us Mon, 06 Dec 2021 18:00:00 +0530 Mon, 06 Dec 2021 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24765 The strategic disinvestment used an Enterprise Value (EV) bidding approach requiring a combined debt-and-equity quote with a prescribed split, structured as a sale of the company as a going concern. Specified non-core assets are excluded and transferred to a government asset holding vehicle. A reserve price was fixed based on adviser valuations, sealed competitive bids were invited, and the SPA-issued to qualified bidders before bidding-requires satisfaction of agreed Conditions Precedent by the parties before closing. Employee protection measures and adviser appointments form part of the transaction framework. News - Mon, 06 Dec 2021 18:00:00 +0530 https://www.taxtmi.com/news?id=24765