https://www.taxtmi.com/circulars?id=58082 The circular establishes an Acquisition Window on recognised stock exchanges for tendering and settlement of shares in takeovers, buybacks and delisting offers (applicable to Public Announcements on or after July 01, 2015). Acquirers appoint registered brokers, buyers place orders at tender opening, sellers place sell orders during trading hours, and tendered shares must be transferred to a special clearing corporation account prior to bidding. The Merchant Banker finalises the basis of acceptance; the clearing corporation executes settlement by transferring accepted shares to escrow, replicating secondary market settlement, with prescribed disclosures and procedures for physical and locked in shares. en-us Mon, 13 Apr 2015 00:00:00 +0530 Thu, 06 Dec 2018 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58082 The circular establishes an Acquisition Window on recognised stock exchanges for tendering and settlement of shares in takeovers, buybacks and delisting offers (applicable to Public Announcements on or after July 01, 2015). Acquirers appoint registered brokers, buyers place orders at tender opening, sellers place sell orders during trading hours, and tendered shares must be transferred to a special clearing corporation account prior to bidding. The Merchant Banker finalises the basis of acceptance; the clearing corporation executes settlement by transferring accepted shares to escrow, replicating secondary market settlement, with prescribed disclosures and procedures for physical and locked in shares. Circulars SEBI Mon, 13 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58082