Chapter III - SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY (From Regulation 10 to Regulation 29A)
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.
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.
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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