India court to rule on seized Nokia plant on Thursday

(Reuters) – An Indian court will issue on Thursday its verdict on Nokia’s appeal against the seizure by tax authorities of its local factory after a tax dispute, lawyers for the company and the tax department said on Wednesday. The Chennai factory is one of Nokia’s biggest phone-making plants. Nokia has been trying to end the dispute ahead of the sale of its mobile phone business to Microsoft in a 5.4 billion euros ($7.4 billion) deal. Writing by Sumeet Chatterjee;


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