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News digest: Mindtree stake sale, Audi sales, MFs get tax notice, and more

From Sun Pharma going into damage control mode to mutual funds getting tax nootice, BS brings you up to date with the latest news

Mindtree
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Mindtree | Photo: Wikipedia

BS Web Team New Delhi
Fairfax leads race for Mindtree stake

With the founders of Mindtree reluctant to cash in their holdings, Prem Watsa-owned Fairfax is learnt to be leading the race to acquire V G Siddhartha’s stake in the Bengaluru-headquartered IT services firm, sources in the know said. Read more

Sun Pharma goes into damage control mode
 
Seeking to ease investor concerns, embattled drug major Sun Pharmaceutical Industries on Tuesday announced plans to unwind loans of Rs 2,238 crore given to a Dubai-based company, Atlas Global Trading FZC, and transfer the distribution of the domestic formulation business to a subsidiary from a separate entity.

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