https://www.taxtmi.com/caselaws?id=391660 The Tribunal dismissed all appeals and upheld SEBI's direction for Tenneco to revise the offer price to Rs. 608.46 per share for the acquisition of shares of FMGL. Tenneco's objections regarding the appointment of Haribhakti as a valuer without prior opportunity were considered valid, leading to the case being remitted back to SEBI for reconsideration. The Tribunal found no fault in SEBI's valuation methodology, including the selection of comparable companies. Allegations of systematic oppression and non-compliance with escrow account regulations were deemed beyond the Tribunal's jurisdiction. en-us Thu, 07 Nov 2019 00:00:00 +0530 Tue, 04 Feb 2020 08:35:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391660 The Tribunal dismissed all appeals and upheld SEBI's direction for Tenneco to revise the offer price to Rs. 608.46 per share for the acquisition of shares of FMGL. Tenneco's objections regarding the appointment of Haribhakti as a valuer without prior opportunity were considered valid, leading to the case being remitted back to SEBI for reconsideration. The Tribunal found no fault in SEBI's valuation methodology, including the selection of comparable companies. Allegations of systematic oppression and non-compliance with escrow account regulations were deemed beyond the Tribunal's jurisdiction. Case-Laws SEBI Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391660