https://www.taxtmi.com/news?id=25564 Strategic disinvestment executed by sale of a controlling stake under a Share Purchase Agreement: the highest-price bidder was issued a Letter of Award and executed the SPA, after which the parties satisfied SPA conditions including certification and settlement of employees', operational creditors', sellers' and secured financial creditors' dues. The purchase consideration was applied per the SPA to discharge those liabilities and to provide equity to the selling shareholders, enabling transfer of the selling shareholders' majority shareholding to the strategic buyer. en-us Mon, 04 Jul 2022 16:06:19 +0530 Mon, 04 Jul 2022 16:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25564 Strategic disinvestment executed by sale of a controlling stake under a Share Purchase Agreement: the highest-price bidder was issued a Letter of Award and executed the SPA, after which the parties satisfied SPA conditions including certification and settlement of employees', operational creditors', sellers' and secured financial creditors' dues. The purchase consideration was applied per the SPA to discharge those liabilities and to provide equity to the selling shareholders, enabling transfer of the selling shareholders' majority shareholding to the strategic buyer. News - Mon, 04 Jul 2022 16:06:19 +0530 https://www.taxtmi.com/news?id=25564