Deloitte India to buy out BMR’s corp tax practice

NEWDELHI: Deloitte India on Tuesday agreed to acquire BMR Advisors’ corporate tax practice even as its other advisory practices are being pursued by other leading professional services firms. The two firms agreed on a deal on Tuesday and an announcement is likely by the end of this week, two people aware of the development said on condition of anonymity. Mint could not access the financial details of the deal. Deloitte and BMR Advisors did not immediately respond to emails seeking comment.