Twitter India is an independent entity as its parent company Twitter Inc does not have a single share in it, Twitter India Managing Director Manish Maheshwari claimed in the Karnataka High Court on Thursday. As Justice Narendar sought to know whether the US-headquartered Twitter Inc could be called as a parent company, Maheshwari's counsel C V Nagesh said, "Twitter Inc is a parent company. When the judge asked about the promoters and the shareholding patterns of Twitter India, Nagesh said Twitter India is only an affiliated company of Twitter Inc. To this, Nagesh said "Let me go on record that Twitter USA (Inc) does not hold a single share in Twitter India. He argued that "unless Twitter India officials were connected to each other", the board of Twitter Inc. would not have authorised its Twitter India employees to represent before the Central government agencies.

Source: Mint July 22, 2021 13:41 UTC