https://www.taxtmi.com/acts?id=34400 Competing offers permit a rival acquirer to make an open offer within a prescribed period after the first acquirer's detailed public statement; such competing offers must, together with the rival acquirer's concert party holdings, equal at least the first acquirer's holding inclusive of proposed acquisitions and underlying sale agreements. Competing offers are not voluntary offers, are regulated identically to the first offer, require synchronized timelines and tendering periods, bar new announcements after the prescribed period until expiry of the offer period in certain categories, and allow preceding acquirers to revise terms upward to favor target shareholders. en-us Fri, 04 Jan 2019 18:03:27 +0530 Thu, 29 Aug 2024 17:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34400 Competing offers permit a rival acquirer to make an open offer within a prescribed period after the first acquirer's detailed public statement; such competing offers must, together with the rival acquirer's concert party holdings, equal at least the first acquirer's holding inclusive of proposed acquisitions and underlying sale agreements. Competing offers are not voluntary offers, are regulated identically to the first offer, require synchronized timelines and tendering periods, bar new announcements after the prescribed period until expiry of the offer period in certain categories, and allow preceding acquirers to revise terms upward to favor target shareholders. Act-Rules SEBI Fri, 04 Jan 2019 18:03:27 +0530 https://www.taxtmi.com/acts?id=34400