The UK arm of Grant Thornton, the accountancy {and professional} providers supplier, is drawing up plans to speculate hundreds of thousands of kilos in its Indian sister agency.
Sky News understands that the highest ten auditor has requested its greater than 200 UK companions to vote on the proposal later this month.
One supply mentioned the deal would contain a considerable sum of cash being ploughed by Grant Thornton UK into Grant Thornton Bharat, its Indian equal.
The supply described the proposal as “unusual”.
Like many different skilled providers companies, Grant Thornton’s nationwide companies are structured as a partner-owned community overseen by Grant Thornton International.
A spokesperson for Grant Thornton UK LLP mentioned: “As a leading provider of professional services in the UK and a member of the Grant Thornton International network, Grant Thornton UK LLP is regularly in discussion with other member firms in order to strengthen collaboration throughout the network in support of our clients.
“However, we won’t be commenting on any such discussions.”
An individual near the talks mentioned the proposed deal would give the UK enterprise better entry to one of many fastest-growing components of Grant Thornton’s worldwide community.
Grant Thornton’s UK companions are anticipated to vote in favour of the transaction, the individual added.
The spokesman declined to remark additional on the deal.
Source: information.sky.com”