Tiger Global’s treaty ‘abuse’ case key to how money flows to India
Mumbai: Overseas strategic investors, offshore private equity and venture capital houses, and foreign portfolio investors (FPIs) active in derivatives have their fingers crossed on the possible outcome of the much-awaited Supreme Court verdict on the American investment firm Tiger Global (TG) which faces a huge tax demand from India. The crucial judgement which was reserved for months would determine how international investors from Mauritius, Singapore and other treaty countries that serve as key gateways for foreign capital, play and structure their long bets on India stories.
