Dealmaking via Mauritius may be a road less taken

While the Supreme Court’s ruling on Thursday upholding the Rs 14,500-crore ($1.7 billion) tax demand against Tiger Global has major financial implications for the US-based investment firm, a broader impact could be felt on a wide range of venture capital and private equity investors who for years have used Mauritius-registered entities to invest in Indian companies.

Investors, lawyers and chartered accountants said the impact for other funds may not be uniform but will depend on how their investment vehicles are structured and whether their…