https://www.taxtmi.com/caselaws?id=798072 Competing open-offer timelines require a competing acquirer to make its public announcement within fifteen working days of the first acquirer's detailed public statement. A subsequent letter of offer or its advertisement is a distinct procedural stage and cannot reset the period, ensuring identical timelines and equal treatment of competing bidders. The exemption power applies only to the obligation to make an open offer; it does not permit relaxation of requirements governing an ongoing competing offer. Once the prescribed period has expired and the existing open-offer process has closed, a competing offer cannot be revived, although a fresh takeover process may be initiated in accordance with the Regulations. en-us Wed, 19 Aug 2026 00:00:00 +0530 Wed, 02 Sep 2026 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798072 Competing open-offer timelines require a competing acquirer to make its public announcement within fifteen working days of the first acquirer's detailed public statement. A subsequent letter of offer or its advertisement is a distinct procedural stage and cannot reset the period, ensuring identical timelines and equal treatment of competing bidders. The exemption power applies only to the obligation to make an open offer; it does not permit relaxation of requirements governing an ongoing competing offer. Once the prescribed period has expired and the existing open-offer process has closed, a competing offer cannot be revived, although a fresh takeover process may be initiated in accordance with the Regulations. Case-Laws SEBI Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798072