https://www.taxtmi.com/caselaws?id=285927 The Tribunal directed the acquirer and other respondents to revise the offer price from Rs. 55.22 per share to Rs. 79.58 per share along with interest, noting errors in the calculation contrary to Takeover Regulations, 2011. It emphasized the need to determine the applicable definition of "frequently traded shares" and the date for fixing the offer price. The Tribunal refrained from deciding on the amended definition issue due to lack of consideration by the relevant authority. Concerns were raised regarding the timeliness of the public announcement by the acquirer, prompting the Tribunal to instruct SEBI to consider objections raised by the appellant within a specified timeframe. en-us Thu, 19 Sep 2019 00:00:00 +0530 Mon, 03 Feb 2020 15:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285927 The Tribunal directed the acquirer and other respondents to revise the offer price from Rs. 55.22 per share to Rs. 79.58 per share along with interest, noting errors in the calculation contrary to Takeover Regulations, 2011. It emphasized the need to determine the applicable definition of "frequently traded shares" and the date for fixing the offer price. The Tribunal refrained from deciding on the amended definition issue due to lack of consideration by the relevant authority. Concerns were raised regarding the timeliness of the public announcement by the acquirer, prompting the Tribunal to instruct SEBI to consider objections raised by the appellant within a specified timeframe. Case-Laws SEBI Thu, 19 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285927