Minimum number of equity shares to be acquired

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Full Text of the Document

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....these regulations, as the case may be, shall be deemed to be successful if,- (a) the post offer shareholding of the acquirer, along with the shares tendered / offered by public shareholders accepted as eligible bids at the discovered price ^1[or the fixed price] or the counter offer price, as the case may be, reaches ninety percent of the total issued shares of that class excluding the fo....