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Shantha Biotech buyout: Sanofi to pay tax in France not India

Updated : Feb 16, 2013

By : FP Staff

Category : Business

Shantha Biotech buyout: Sanofi to pay tax in France not India

The Andhra Pradesh High Court today ruled that French drug maker Sanofi Aventis will not have to pay taxes in India for its buyout of Hyderabad-based vaccine firm Shantha Biotechnics in 2009. #NewsTracker #Sanofi-Aventis #Double taxation #Income tax #Shantha Biotech