Supreme Court rules that Mauritius entities were 'conduits' in US firm Tiger Global's Flipkart exit in 2018; decision could force foreign investors to re-examine their holdings.
PIP 15, which invests in internet technology start-ups in India, China and the US, is Tiger’s largest one yet, and follows several fundraises in recent years.
This decision is so damaging to the government that efforts will be made to ensure that it does not stand. The prosecution has said that it will file an appeal in the high court.
The Pakistani political leadership is weak and devoid of any intellect. Its diplomacy is entirely India-China-US focused and suffers from a presumptive view of Afghanistan as a vassal.
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