IPO-Bound Urban Company Faces INR 51 Cr GST Demands

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SUMMARY

As per its DRHP, Urban Company is contesting tax demand notices issued by GST departments of Haryana, Maharashtra and Tamil Nadu

The unicorn also has contingent liabilities worth INR 4.38 Cr for matters under dispute from consumers related to services provided and lessors related to leased premises

Urban Company’s IPO will comprise a fresh issue of up to INR 429 Cr and an offer for sale of up to INR 1,471 Cr

IPO-bound consumer services unicorn Urban Company is facing…



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IPO-Bound Urban Company Faces INR 51 Cr GST Demands


SUMMARY

As per its DRHP, Urban Company is contesting tax demand notices issued by GST departments of Haryana, Maharashtra and Tamil Nadu

The unicorn also has contingent liabilities worth INR 4.38 Cr for matters under dispute from consumers related to services provided and lessors related to leased premises

Urban Company’s IPO will comprise a fresh issue of up to INR 429 Cr and an offer for sale of up to INR 1,471 Cr

IPO-bound consumer services unicorn Urban Company is facing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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