T he increase in cross-border mergers and acquisitions (M&A) has led to an urgency to understand and manage the intricate tax consequences of foreign investments in India.
By the end of 2007, M&A deals in India showed an impressive growth to US$70 billion, an increase of about 150% over the previous year.
In February alone, a total of 36 deals were announced, valued at more than US$2.95 billion. These included 19 cross-border deals with an announced value of more than US$470 million.
Abhixit Singh is a partner at Titus & Co. He can be contacted at asingh@titus-india.com.Ramandeep Arora is an associate at Titus & Co and can be contacted at rkaur@titus-india.com
Titus & Co
Titus House
R-77A Greater Kailash-I
New Delhi – 110 048
India
Tel: +91 11 2647 5800, 2647 0700, 2628 0100
Fax: +91 11 2648 0300, 2648 9950
Email: titus@titus-india.com; titusco@vsnl.com
