DISCLOSURES OF SHAREHOLDING AND CONTROL IN A LISTED COMPANY - Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997
DISCLOSURES OF SHAREHOLDING AND CONTROL IN A LISTED COMPANY - Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997
Person acquiring shares must make a formal offer to promoters and shareholders after lead institution identification and negotiation. The person acquiring shares, once identified by the lead institution and on receiving communication from it, must make a formal offer to promoters, ... Summary
Person acquiring shares must make a formal offer to promoters and shareholders after lead institution identification and negotiation.
The person acquiring shares, once identified by the lead institution and on receiving communication from it, must make a formal offer to promoters, management, financial institutions and other shareholders of the financially weak company; the price for acquisition is to be determined by mutual negotiation between the person acquiring the shares and the lead institution, and the lead institution may offer its own shareholdings as part of the rehabilitation scheme.
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