Nokia withdraws plea to sell unit

New Delhi: Nokia India on Tuesday withdrew from Delhi High Court its plea, seeking permission to urgently sell its mobile manufacturing unit in Chennai, which was frozen over a 10,000 crore claim raised by the Income Tax department, saying the proposed buyer has backed out. At the same time, Nokia and I- T department told the court that a report has been received from Ernst and Young India on valuation of the company’s assets. As per the report, 361 crore was the valuation of assets if they were to be sold.