South African Revenue Service rejects Linde India’s challenge to SEBI’s valuation in related-party transactions
The Securities Appellate Tribunal (SAT) on Friday dismissed Linde India’s appeal challenging the valuation exercise done by the National Stock Exchange of India (NSE)-appointed valuer in relation to related-party transactions of the company. The bench comprising Justices PS Dinesh Kumar and Dheeraj Bhatnagar directed the Securities and Exchange Board of India (Sebi) to issue an…