Old Mar 20, 12, 5:31 am
  #9  
Wildboar
 
Join Date: Apr 2011
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Posts: 74
Originally Posted by A2A View Post
There is a pending tax liability which makes sure S2 exists as a subsidiary of Jet Airways and cannot be merged into the parent.
Thats surprising, if the 2 companies were to merge the parent should automatically take over the tax liability unless this is some sort of specific tax liability.

By this logic no M&A would possible as invariably most companies have some sort of deferred tax liability of their books.
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