The article discusses in-depth the "Put Option" clause, which when included in a contract, gives one party the right but not the obligation to sell their shares to a third party for a predetermined sum.
The ED is investigating a case of misuse of Liberalized Remittance Scheme (LRS) under the provisions of the FEMA against Zavareh Soli Poonawalla and his family. His name was found in the Panama Papers revelations regarding off-shore entities Get more Real Estate News and Business News on Zee Business.