Chapter III - SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY (From Regulation 10 to Regulation 29A)
Bid evaluation: lead institution must assess price, resources and management reputation, rank offers and select one. Regulation 32 mandates that the lead institution evaluate bids on purchase price or share-exchange terms, track record, financial resources and management reputation, ensuring fairness and transparency, then list offers by preference and, after consulting the financially weak company's management, accept one bid.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bid evaluation: lead institution must assess price, resources and management reputation, rank offers and select one.
Regulation 32 mandates that the lead institution evaluate bids on purchase price or share-exchange terms, track record, financial resources and management reputation, ensuring fairness and transparency, then list offers by preference and, after consulting the financially weak company's management, accept one bid.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.