https://www.taxtmi.com/caselaws?id=273551 The appeal was dismissed, and the appellant was directed to make a public announcement for acquiring shares of the target company in accordance with the SEBI Takeover Code. The court found that the appellant acted in concert with the promoter group, thus violating Regulation 11(1) by not making a public announcement after acquiring shares that increased their collective holding beyond the 5% threshold. The order was stayed for four weeks to allow the appellant to appeal to the SC. en-us Thu, 08 Sep 2011 00:00:00 +0530 Sat, 13 Jan 2024 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273551 The appeal was dismissed, and the appellant was directed to make a public announcement for acquiring shares of the target company in accordance with the SEBI Takeover Code. The court found that the appellant acted in concert with the promoter group, thus violating Regulation 11(1) by not making a public announcement after acquiring shares that increased their collective holding beyond the 5% threshold. The order was stayed for four weeks to allow the appellant to appeal to the SC. Case-Laws Companies Law Thu, 08 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273551