https://www.taxtmi.com/acts?id=34402 Acquisition completion tied to open offers is generally barred until the offer period ends, but an acquirer may complete the acquisition after twenty one working days from the detailed public statement if the acquirer deposits cash into escrow or provides an unconditional irrevocable bank guarantee equal to the entire consideration assuming full acceptance; such guarantees must meet mandated credit rating criteria. Proportionate reductions, preferential issue or stock exchange settlement routes with escrow and voting restrictions, and a twenty six week outer timeline for completing contracted acquisitions (subject to Board extension) are specified. en-us Fri, 04 Jan 2019 18:09:08 +0530 Thu, 29 Aug 2024 17:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34402 Acquisition completion tied to open offers is generally barred until the offer period ends, but an acquirer may complete the acquisition after twenty one working days from the detailed public statement if the acquirer deposits cash into escrow or provides an unconditional irrevocable bank guarantee equal to the entire consideration assuming full acceptance; such guarantees must meet mandated credit rating criteria. Proportionate reductions, preferential issue or stock exchange settlement routes with escrow and voting restrictions, and a twenty six week outer timeline for completing contracted acquisitions (subject to Board extension) are specified. Act-Rules SEBI Fri, 04 Jan 2019 18:09:08 +0530 https://www.taxtmi.com/acts?id=34402