Retail tycoon Lucio Co is making a P1.5 billion windfall from the sale of his own stake in brandy firm Williams & Humbert SA to his publicly-listed liquor distribution company The Keepers Holdings Inc.
According to Abacus Securities Corporation’s Short Takes, the P1.5 billion profit is more th
Lucio Co's The Keepers Holdings Inc., the largest imported liquor distribution in the Philippines, has executed the Share Purchase Agreements covering the acquisition of 50 percent of Bodegas Williams & Humbert SA for P5 billion.
In a disclosure to the Philippine Stock Exchange, the firm said
The Delhi High Court has allowed Subramanian Swamy to file an application for impleading Air India as a party to the case challenging Foreign Investment Promotion Board (FIPB) clearance to AirAsia (India) Pvt. Limited.
The The Bombay High Court has clarified that in case where the amounts deposited in the escrow account are subsequently withdrawn by the buyer, the same should not be included in the FVC while computing capital gains.Taxability of deposits in escrow has often been litigated