We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Hang up

4 November 2016 By Una Galani

Turmoil at the Indian group was fueled by Ratan Tata’s wish to pay the Japanese telco $1.2 bln it is owed for its stake in a JV. But retroactive regulations make honoring the payment illegal. A wily workaround would add to governance concerns. Policymakers need to fix the rules.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)