Karnataka High Court rules on Genpact's ED office seizure
pre-market1 source ↓written by the desknot a recommendation
- investment
- $100 million
The Karnataka High Court dismissed Genpact India's challenge against the Enforcement Directorate's seizure of its Gurgaon office under FEMA. However, the court overturned the ED's rejection of Genpact's application for a $100 million investment in its GIFT City entity, citing inadequate reasoning for the denial. This ruling may impact Genpact's operational restructuring plans.
Not investment advice. For informational purposes only.