Overview of sebi takeover regulations, 2011 - TakeoverCode.com

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NON COMPETE FEESControl Premium Text / Non-Compete FeesTexTextTo be included inTextthe Offer PriceText11/09/2012
ESCROW ACCOUNTOpening of Escrow Account – Not later than two working daysprior to the date of DPSAmount of Escrow DepositTextOn first Rs. 500 CroresOn balance Text amountTextForms of Escrow AccountConceptText25% of the considerationAdditional 10% of balance TextconsiderationTextCashBank GuaranteeFreely transferable equity shares or securities11/09/2012
Page 1 and 2: Overview ofSEBI TakeoverRegulations
Page 3 and 4: Need of SEBI Takeover RegulationsAn
Page 5 and 6: 11/09/2012BASIC CONCEPT
Page 7 and 8: 11/09/2012Shares
Page 9 and 10: ACQUIRERDirectlyAcquiresWhoOrOrIndi
Page 11 and 12: ACQUIRERDirectlyAcquiresWhoOrOrIndi
Page 13 and 14: UNANSWERED ISSUEMeaning of Term Neg
Page 15 and 16: FREQUENTLY TRADED SHARESTradingTurn
Page 17 and 18: IMPORTANT EVENTSOffer PeriodIdentif
Page 19 and 20: ENTERPRISE VALUE*meansvalue calcula
Page 21 and 22: ENTERPRISE VALUEPaid up capital (No
Page 23 and 24: VOLUME WEIGHTED AVERAGE PRICE“Vol
Page 25 and 26: TRIGGERED POINTSFOROPEN OFFER11/09/
Page 27 and 28: INITIAL THRESHOLD & CREEPINGACQUISI
Page 29 and 30: INDIRECT ACQUISITIONAcquisition of
Page 31 and 32: VOLUNTARY OPEN OFFER• Prior holdi
Page 33 and 34: MINIMUM OFFER SIZEMandatoryOffer -2
Page 35: OFFER PRICENew RegulationsOld Regul
Page 39 and 40: ACQUISITION AFTER THE TENDERINGPERI
Page 41 and 42: RECOMMENDATION ON THE OFFER BYBOARD
Page 43 and 44: COMPETING OFFEROpen Offer by any ot
Page 45 and 46: NO APPOINTMENT OF ACQUIRER ON THEBO
Page 47 and 48: EXEMPTION FROM OPEN OFFERExemptions
Page 49 and 50: AUTOMATIC EXEMPTIONS FROM OPENOFFER
Page 51 and 52: DISCLOSURES LIMITSEvent Based Discl
Page 53 and 54: ISSUES UNADDRESSED• Negative Cont

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