While CCI has aligned its rules with the new takeover code, the filing fees has been increased substantially, reports Malvika Jain of CNBC-TV18.
This week, India announced a complete makeover of its takeover rules. SEBI has accepted most of the recommendations made by the Takeover Regulations Advisory Committee (TRAC) last year.
With the New Takeover Code coming into force, many companies will try and use the takeover trigger by hiking stakes in those companies whose shares they already hold.