TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Updates Takeover Rules: Redefines 'Promoter' and Adjusts Share Acquisition Thresholds for Public Announcements.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Substantial Acquisition of Shares and Takeovers Regulations, 1997. These amendments redefine the term 'promoter' to include individuals or entities in control of a target company or named in offer documents, excluding those acting in a professional capacity. The regulations adjust the thresholds for public announcements and share acquisitions, specifying conditions under which acquirers holding 55% to 75% of shares can consolidate their holdings. It also addresses public shareholding requirements to ensure compliance with listing agreements, emphasizing the necessity for public announcements in certain acquisition scenarios.
TaxTMI 
TaxTMI 
