With the merger, Deloitte will be one step closer to taking one of the two top spots, threatening EY/PwC's positions
Advisory firm Deloitte India has finalised a merger deal with home-grown firm BMR Tax Practice, CNBC-TV18 reported, quoted sources. Three of the Big Four — Deloitte, KPMG and PwC — were in race to buy the BMR Advisors' corporate tax practice unit.
According to sources, Deloitte CEO N Venkatram announced the approval of the deal in an internal communication. However, an official announcement is still to be made.
BMR Advisors offers tax, risk and M&A advisory services for domestic and global business. The firm was founded in 2004 by Mukesh Butani, Bobby Parikh and Rajeev Dimri.