Takeover filing fee structure updated: acquirers required to pay tiered fees when filing draft offer with regulator. The substituted sub regulation requires the acquirer to pay, while filing the draft letter of offer under sub regulation (1) of Regulation 18, a fee by bankers' cheque or demand draft in favour of the Securities and Exchange Board of India payable at Mumbai, according to a tiered schedule of fee bands linked to the offer size, including provisions for larger offer sizes where a base amount plus a percentage applies and a top band for the largest offers.
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Provisions expressly mentioned in the judgment/order text.
Takeover filing fee structure updated: acquirers required to pay tiered fees when filing draft offer with regulator.
The substituted sub regulation requires the acquirer to pay, while filing the draft letter of offer under sub regulation (1) of Regulation 18, a fee by bankers' cheque or demand draft in favour of the Securities and Exchange Board of India payable at Mumbai, according to a tiered schedule of fee bands linked to the offer size, including provisions for larger offer sizes where a base amount plus a percentage applies and a top band for the largest offers.
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