Equity Investment (FDI)

M Shekhar (Chief Finance Officer) (22 Points)

17 May 2021  

An OVERSEAS BODY had invested a sum of 100 Cr. as FDI in ABC LTD. (an Indian Company) who out of the same funds made some investment in XYZ LTD. (a Hospital India).

Now OVERSEAS BODY is a Equity Holder and XYZ LTD. is an Investment in the books of of ABC LTD.

QUERY- Can ABC LTD. transfer its holding in XYZ LTD. (a hospital in India) to the OVERSEAS BODY to nullify and/or as consideration against buyback of equity of OVERSEAS BODY.