https://www.taxtmi.com/notifications?id=127830 Amendments clarify open offer triggers and acquisition mechanisms: buy-backs refer to buy-backs by the target company and measure voting-rights at buy-back closure; board-authorised preferential issues are recognised as a mode triggering obligations; combined acquisitions require a public announcement at the first acquisition with disclosure of planned subsequent acquisitions; acquisitions via preferential issue or exchange settlement are permitted subject to escrow and suspension of voting rights; an open offer triggered by a proposed preferential issue cannot be withdrawn if the issue fails; disclosure obligations for five percent holders are revised to capture changes exceeding two percent. en-us Tue, 26 Mar 2013 00:00:00 +0530 Mon, 14 Jan 2019 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127830 Amendments clarify open offer triggers and acquisition mechanisms: buy-backs refer to buy-backs by the target company and measure voting-rights at buy-back closure; board-authorised preferential issues are recognised as a mode triggering obligations; combined acquisitions require a public announcement at the first acquisition with disclosure of planned subsequent acquisitions; acquisitions via preferential issue or exchange settlement are permitted subject to escrow and suspension of voting rights; an open offer triggered by a proposed preferential issue cannot be withdrawn if the issue fails; disclosure obligations for five percent holders are revised to capture changes exceeding two percent. Notifications SEBI Tue, 26 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127830