Buyer of minority stake in private company has to deposit 50% of cost

Majority shareholders planning to buy out minority investors from an unlisted public or private company will now have to deposit 50% of the acquisition price in a separate bank account, according to a February 3 notification by the ministry of corporate affairs (MCA) on amendments to the Companies Act.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2v1ps1t