https://www.taxtmi.com/caselaws?id=309001 The judgment held that an agreement/intention to acquire shares and control triggers the open offer requirement. The MOU indicated an agreement to acquire shares and control of the target company. The parties acted in concert to acquire shares, violating regulations by not making a public announcement. The court directed the parties to make a public announcement within 45 days and pay interest to eligible shareholders. BPJ-HUF was exempted from directions. en-us Mon, 09 Dec 2019 00:00:00 +0530 Sun, 06 Aug 2023 22:48:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309001 The judgment held that an agreement/intention to acquire shares and control triggers the open offer requirement. The MOU indicated an agreement to acquire shares and control of the target company. The parties acted in concert to acquire shares, violating regulations by not making a public announcement. The court directed the parties to make a public announcement within 45 days and pay interest to eligible shareholders. BPJ-HUF was exempted from directions. Case-Laws SEBI Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309001