Nirma‘s 7-year battle is finally over. The company made an open offer but after discovering it was unviable asked to permission to withdraw it. SEBI said no, SAT said no and this month the Supreme Court said no as well on grounds that such a practice will destabilize the securities market.
This week's top story can be described in 3 pithy words- AAR YA GAAR. Payaswini Upadhyay explains the rest.
On the first 2 episodes of this special series we asked if India’s new Takeover Code is pro-promoter? Starting this week Rules Of The M&A Game 2011 examines the new Takeover Code from the acquirer’s point of view. Somasekhar Sundaresan, Raj Balakrishnan, Amrish Shah and Cyril Shroff debate if the new Takeover Code is anti-acquirer?
The Securities and Exchange Board of India (SEBI) has notified the new takeover code. Experts discuss the new norms and give their outlook going forward.
The Securities and Exchange Board of India (SEBI) board has okayed the Takeover Code. Koushik Chatterjee, Tata Steel said, he is happy that the recommendations of TRAC have seen the light of the day.
Piramal Healthcare –Abbot, Indo Asian Fusegear – Legrand, Schneider- Zicom, Kanoria Chemicals – Adity Birla Chemicals, Smartlink Network Systems – Schneider- there’s been a Slump Sale Party going on but shareholders have not been invited! Is that fair? Experts debate.