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
Regulation 20A - Acquisition price under creeping acquisition.
Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997 Chapter III SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY
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Creeping acquisition price cap bars post-offer purchases above the offer price during the prescribed period; exchange trades exempt. Regulation 20A prohibits an acquirer who has made a public offer from acquiring further shares at a price higher than the offer price for the specified ... Summary
Creeping acquisition price cap bars post-offer purchases above the offer price during the prescribed period; exchange trades exempt.
Regulation 20A prohibits an acquirer who has made a public offer from acquiring further shares at a price higher than the offer price for the specified post-offer period, but exempts acquisitions made through stock exchanges; this price cap on creeping acquisition was inserted by the 2002 amendment to the Takeover Regulations.
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