Moneycontrol PRO

business

Takeover code: FinMin not in favour of 100% open offer

Sources indicate the finance ministry will hold consultations with the ministry of corporate affairs to discuss India Inc's reservations on the proposed changes in the takeover code. CNBC-TV18's Aakansha Sethi learns that the finance ministry is not in favour of the proposed 100% open offer.

first published: Jan 3, 2011 08:02 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347