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PEs & VCs eye exit via offer for sale after STT ruling
Private equity (PE) and venture capital (VC) players are exploring options to exit their investments through the offer for sale (OFS) route, following the recent changes in tax rules governing such sales.
The amendments to the Finance Bill made last week, brought offer for sale transactions under the Securities Transaction Tax (STT) net. The seller in these offers is liable to pay STT of 0.2 per cent,
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