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?
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.