Introducing the βIn Favour Ofβ filter in Case Laws.
- βοΈ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- π Narrow down results with higher precision
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>SEBI Regulations: Open Offer Process for Share Acquisitions and Takeovers, Disclosure and Payment Deadlines Highlighted</h1> The Securities and Exchange Board of India (SEBI) regulations outline the open offer process for the substantial acquisition of shares and takeovers. Upon filing the draft letter of offer, the acquirer must send copies to the target company and relevant stock exchanges. The letter of offer is dispatched to shareholders within seven working days post-comments from SEBI. Acquirers may revise offer terms before the tendering period. Acquisitions during the offer period must be disclosed, and shareholders can tender shares during a specified period. Payment must be completed within ten working days post-tendering, with possible interest for delays due to statutory approval issues.