Stock ‘GIFT’ to founders of tech cos, unicorns comes under ED lens now

July 9, 2024

The Enforcement Directorate is investigating technology firms and unicorns for violating FEMA through offshore fundraising tactics. The ‘gift’ of shares to Indian founders is under scrutiny, raising concerns over overseas direct investment. Indian promoters are being questioned and may need to explain past transactions.

More To Explore

Q3 results today: Hindalco among 460 companies to announce earnings on Thursday

About 460 companies are set to announce their Q3 earnings, including Hindalco and SJVN. Hindalco is expected to show robust growth, with a 62% YoY

February 13, 2025

6 PSU stocks record date for dividend tomorrow. Last chance to buy

Shares of PSU companies like BEML, BDL, EIL, MOIL, NALCO, and REC Ltd may see attention today as they have fixed February 14 as the

February 13, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003