substantial acquisition

SEBI constituted Takeover Regulations Advisory Committee (TRAC) will review Takeover Code

The single-most important regulation in India, governing the acquisition of shares or control in an Indian listed company is the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997, or the Takeover Code. In the backdrop of changing needs of a dynamic Indian economy surging at a growth pace of more than 7 per cent over the last few years, this code has been tested during many a corporate takeover battle in India, observes Girish Vanvari, Executive Dire..
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Meaning, reason and legal provisions related to Hostile Takeover

What is meant by Hostile Takeover? Hostile Takeover is a type of acquisition in which, the company being purchased (Target Company) does not want to be purchased at all, or does not want to be purchased by a particular buyer (Acquirer) that is making a bid. In other words, the Acquirer intends to gain control [...]
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Interpretative circular under regulation 5 of the Securities and Exchange Board of India

CFD/DCR/TO/Cir-01/2009/06/08 August 6, 2009 To All Registered Merchant Bankers / Stock Exchanges Dear Sirs, Sub: Interpretative circular under regulation 5 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 – Applicability of provisions of regulation 11 (2) thereof, as amended on October 30, 2008 1. SEBI (Substantial Acquisition [...]
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New SEBI guideline on Substantial Acquisition of Shares and Takeovers

THE GAZETTE OF INDIA EXTRAORDINARY PART –III– SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, FEBRUARY 13, 2009 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION MUMBAI, the 13th February, 2009 Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2009   No. LAD/NRO/GN/2008-09/34/154082. In exercise of the powers conferred by [...]
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