Market regulator SEBI okayed the Takeover Code. Under the recommendations of the Takeover Regulations Advisory Committee (TRAC), SEBI raised the mandatory open offer size to 26% from 20% and the trigger point for buyout to 25% from 15%.
Also read: New Takeover Code: Minority shareholders can still miss outA lot of debate has taken place since yesterday on the new takeover norms. Anil Singhvi, Chairman of Ican Investment Advisors and Ashok Wadhwa, Group CEO of Ambit Holdings debate on what it could mean from a market perspective, whether it will unleash a lot of mergers and acquisitions, what will promoters do and whether individual stakes in companies will go up.
Below is a verbatim transcript of their interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
