Comments
Blue Star has informed the stock exchange that the scheme of amalgamation of the company and its subsidiaries, Blue Star Design & Engineering Ltd and Blue Star Electro Mechanical Ltd, was reviewed by its board of directors in the light of certain amendments to the Income-Tax Act in August, 2014 under the Finance Act, 2014.
The board felt that though rationale for the integration was good and justified, given the changes in the tax laws and regulations, the proposed scheme appeared inappropriate and decided not to pursue it further.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.