https://www.taxtmi.com/caselaws?id=308959 The Board's direction to re-calculate the offer price by referencing the date of public announcement was challenged. The court held that the offer price should be based on the date the BoD authorized the preferential allotment, not the public announcement date. The appellants were instructed to re-calculate the offer price using the correct reference date and offer it to all shareholders. The appeal was resolved with no costs awarded. en-us Wed, 22 Jul 2009 00:00:00 +0530 Thu, 03 Aug 2023 12:47:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308959 The Board's direction to re-calculate the offer price by referencing the date of public announcement was challenged. The court held that the offer price should be based on the date the BoD authorized the preferential allotment, not the public announcement date. The appellants were instructed to re-calculate the offer price using the correct reference date and offer it to all shareholders. The appeal was resolved with no costs awarded. Case-Laws SEBI Wed, 22 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308959