Overview of sebi takeover regulations, 2011 - TakeoverCode.com
Overview of sebi takeover regulations, 2011 - TakeoverCode.com
Overview of sebi takeover regulations, 2011 - TakeoverCode.com
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VOLUNTARY OPEN OFFER• Prior holding <strong>of</strong> atleast 25% or more shares;Eligibility• No acquisition during the preceding 52 weekswithout attracting the obligation to make a publicannouncement.Condition• The aggregate shareholding not exceeds themaximum permissible non-public shareholding.Restriction• No further acquisition <strong>of</strong> shares for a period <strong>of</strong>six months after <strong>com</strong>pletion <strong>of</strong> the open <strong>of</strong>ferexcept by way <strong>of</strong> another voluntary open <strong>of</strong>fer or<strong>com</strong>peting <strong>of</strong>fer.11/09/2012
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