https://www.taxtmi.com/news?id=31736 Flipkart terminated its partnership, and Sastasundar Ventures re-acquired the intellectual property rights and non-compete rights for the Sastasundar brand via a new subsidiary, moving to merge that entity into the holding company and relaunch its app. To restore full rights and eliminate non-compete restrictions, Sastasundar sold compulsorily convertible preference shares and completed a transfer that led to a one-time accounting write-off related to its previously retained minority stake, characterised by the company as a technical, non-material loss. en-us Tue, 28 Jan 2025 17:46:09 +0530 Tue, 28 Jan 2025 17:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31736 Flipkart terminated its partnership, and Sastasundar Ventures re-acquired the intellectual property rights and non-compete rights for the Sastasundar brand via a new subsidiary, moving to merge that entity into the holding company and relaunch its app. To restore full rights and eliminate non-compete restrictions, Sastasundar sold compulsorily convertible preference shares and completed a transfer that led to a one-time accounting write-off related to its previously retained minority stake, characterised by the company as a technical, non-material loss. News - Tue, 28 Jan 2025 17:46:09 +0530 https://www.taxtmi.com/news?id=31736