MAM
Bodhi Tree Systems strengthens holdings with increased stake in Viacom18
Mumbai: Media sources have revealed that Bodhi Tree Systems, co-founded by Uday Shankar and James Murdoch, has increased its ownership in Viacom18 by an additional 2.89 per cent.
The acquisition, valued at Rs 953.23 crore, has elevated Bodhi Tree Systems’ stake in Viacom18 to 15.97 per cent.
Uday Shankar, who joined the Viacom18 board in April, is reportedly working on assembling a fresh leadership team, according to reports.
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Tata Consumer Products faces Rs 98 crore tax demand
Income tax authorities raise significant demand for the 2022-23 financial year
MUMBAI: Tata Consumer Products Limited has received an assessment order from the income tax department involving a substantial financial demand. The order, issued by the assistant commissioner of income tax in Kolkata, was received by the company on 13 March 2026. It follows an audit of the income tax returns filed for the 2022-23 financial year, during which the assessing officer made specific additions and disallowances to the company’s reported income.
The total demand raised by the authorities amounts to Rs 98,03,33,930, a figure that includes both the principal tax amount and accrued interest. This disclosure was made by the company’s company secretary & compliance officer, delnaz dara harda, in a formal filing to the National Stock Exchange and BSE Limited on 14 March 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In response to the order, Tata Consumer Products has stated that it believes the demand is not maintainable under current law. The management has confirmed that the company is currently in the process of filing an appeal against the assessment. Furthermore, the company clarified that there is no immediate impact on its current financial standing, operations, or other corporate activities resulting from this specific order.
