A Canadian listed entity desirous to enter into Indian gaming space approached an existing client of yourCFO for purchasing one of the brands and operating the same in India. The journey involved navigating FEMA, Tax and Companies Act including legal provisions for enabling this deal in a tax efficient and time effective manner.
Clients Objective:
- End-to-end solution provider who can run the mandate during the Covid-19 period.
- Maximise the shareholder profits by structuring the deal in a tax efficient manner
Solution/Service Provided:
- Project management leading the legal and regulatory discussions from the sell side of the deal.
- Enabling a smooth completion of due diligence
- Negotiation of the key provisions of SHA and SSPA
Outcome:
- Tax efficient and effective solution for the shareholders
- Navigating the FEMA and related regulatory aspects
- Managing the deliverables within the timelines