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I-T dept may quiz Honda on discounted stake sale: HP Ranina

Promoter firm Hero Investments has proposed to buy Honda Motor's 26% stake at Rs 739.97 per share, a whopping 50% discount to current market price. This has come as a huge surprise to corporate tax lawyer HP Ranina who says this may trigger suspicion within the Income-Tax department.

March 09, 2011 / 16:51 IST
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Promoter firm Hero Investments has proposed to buy Honda Motor's 26% stake at Rs 739.97 per share

TAGS: #Business #CNBC-TV18 #Hero #Hero Group #Hero Investments #Honda #Honda Motor #HP Ranina #Income Tax #PE equity firms #SEBI #Supreme Court #tax department
first published: Mar 9, 2011 11:56 am

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