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SEBI accepts Takeover Code, buyout trigger point at 25%

The Securities and Exchange Board of India (SEBI) board has okayed the all-important Takeover Code. Mandatory open offer size has be accepted at 26% and the trigger point for buyout will now stand at 25%. The non-compete fee, however, has been scrapped.

first published: Jul 28, 2011 04:51 pm

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