Irrespective of acquisition or holding of shares or voting rights in a target company, no acquirer shall acquire, directly or indirectly, control over such target company unless the acquirer makes a public announcement of an open offer for acquiring shares of such target company in accordance with these regulations.
source https://www.caclubindia.com/articles/case-study-on-sebi-sast-regulations-2011-47700.asp
source https://www.caclubindia.com/articles/case-study-on-sebi-sast-regulations-2011-47700.asp
Post a Comment
Please drop your feedback, suggestions, query or feedback