Case Law Details
Case Name : Subhkam Ventures (I) Pvt. Ltd. Vs. SEBI (Securities Appellate Tribunal, Mumbai)
Related Assessment Year :
Courts :
Securities Appellate Tribunal
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RELEVANT PARAGRAPH
6. From the rival stands of the parties, what we need to examine is whether Regulation 12 also got triggered when the appellant acquired 24.26 per cent equity shares of the target company pursuant to the agreement. At this stage, it would be relevant to refer to the provisions of Regulations 10 and 12 of the takeover code which are reproduced here under for facility of reference:
“Acquisition of fiftee
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