Takeover Code

The panel has deliberated on issues related to acquisition of shares and takeovers based on judicial verdicts and instances in the corporate world, leading to a 600-page draft report which had been submitted some time ago.

Blackstone exiting Mphasis – what is in it for an investor

A private equity fund exiting a business is no reflection on the company’s growth prospects. Nor will the exit necessarily be at the top

Kudos to SEBI for relaxing capital infusion norms

These relaxations would not only help promoters in raising money but also protect them from hostile takeovers.

CCI amends merger control regulations for fifth time

CCI may now give parties the opportunity to be heard when deciding if a filing is invalid

Easing of bad debt-to-equity norms to help fight NPAs: SBI

The decision of market regulator Securities and Exchange Board of India (Sebi) to allow lenders to convert part or all of their debt into equity in case of defaults will help banks reduce their bad assets, SBI MD P Pradeep Kumar said.

Non-Competes: Tax Conundrum!

The Income Tax Act treats know-how, patents, copyrights, trade marks, licences, franchises or any other business or commercial rights of similar nature as intangible assets and allows tax payers to claim depreciation on all these.

Legal experts frown over FDI policy take on control: Poll

CNBC-TV18's Menaka Doshi reports that, according to a poll conducted by CNBC-TV18, 10 of the 19 legal experts polled were not in favour of the FDI policy's definition of control

Etihad open to new pact, stay minority investor: Sources

CNBC-TV18‘s Kritika Saxena reports, quoting sources, that in cognisance of Sebi‘s views, a revised form of the shareholding agreement between Jet Airways and Etihad is currently being drafted.

Draft Cabinet note on 49% FDI in aviation ready: Sources

CNBC-TV18's Rituparna Bhuyan reports that according to sources, the draft Cabinet proposal on the 49% FDI in the aviation sector is ready and comments from ministries have begun to flow in.

What is Control?

The developments of this week had me wondering - is not economic influence a measure of control?

FinMin panel submits report on NBFCs, policy change likely

The high-powered advisory committee headed by Alok Nigam, joint secretary in the department of financial services has submitted its recommendations on legislative changes for NBFCs, sources told Moneycontrol.com. Some critical issues include Money Lenders Act, Recovery of Debts Due to Banks (RDDB) Act, willful defaulters and Takeover Code.

Takeover Code: Non-Compete Fee Debate

The Firm spoke to Somasekhar Sundaresan, Partner, JSA & Bharat Vasani, Chief Legal & Group General Counsel, Tata Group on their interpretation of the non-compete fee clause in the new Takeover Code.

OFS: Promoter-Promoter Problem!

Last month, SEBI introduced two new methods of stake dilution by promoters holding more than the stipulated 75%- Institutional Placement Process (IPP) and The Offer for Sale (OFS).

Aviation min okays cabinet note on 49% FDI to save airlines

The government has finally made a move to aid struggling carriers. The aviation minister will move a cabinet note on 49% FDI by foreign carriers, reports CNBC-TV18's Aakansha Sethi.

FDI in airline may get nod too, Home Min has no objection

The aviation sector may soon see investment from foreign carriers. The home ministry has no objection to the aviation foreign direct investment proposal and now there's just one more hurdle left, reports CNBC-TV18’s Rituparna Bhuyan quoting sources.

SEBI Answers FAQs On Takeover Code

In a document released on December 12, 2011, SEBI has offered clarifications with regards to its Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Rules Of M&A Game: Public Shareholder Point Of View

Rules Of M&A Game: Public Shareholder Point Of View

Rules Of The M&A Game 2011: Hostile POV

On this 5th episode of Rules Of The M&A Game, 8 experts debate if India’s new Takeover Code is hostile to hostile investors.

Rules Of The M&A Game 2011: Acquirer POV (1)

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?

Rules Of The M&A Game 2011: Promoter POV (2)

Rules Of The M&A Game: 2011 continues its examination of the new Takeover Code from the point of view of target companies and their promoters.

Rules Of The M&A Game 2011: Promoter POV (1)

Analysing the new Takeover Code with Cyril Shroff, Anil Singhvi, Sourav Mallik & Ashok Gupta.

New takeover code is good for all: FinSec Law Advisors

Last week, SEBI notified new takeover rule. In an interview to CNBC-TV18, Sandeep Parekh, founder of FinSec Law Advisors said, it’s good for the company, promoter and investor.

New takeover norms: Which cos need to get their guard up?

SEBI today notified new takeover rule under, which an entity buying 25% stake in a listed firm will have to mandatorily make an open offer to buy an additional 26% shares from public.

Investors not to expect non-compete fee in AP Paper: SMC

Speaking to CNBC-TV18, Jagannadham Thununguntla of SMC Global says that investors will be better off thinking there will not be a non-compete fee. "If any non-compete fee comes, it will be like a windfall gain, but entering the stock in the anticipation of that non-compete fee may prove to be costly," he warns.

Reliance is welcome to up stake, not ITC: EIH

PRS Oberoi, chairman of EIH today assured shareholders that ITC will not own their company. He, however, has invited Reliance to up their stake and be a part of EIH board, reports CNBC-TV18.