By: Arindam Ghosh, Khaitan & Co
Anil Singhvi, Chairman of Ican Investment Advisors and Ashok Wadhwa, Group CEO of Ambit Holdings debate on what the Takeover Code 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.
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.
In an interview with CNBC-TV18's Menaka Doshi, Sandeep Parekh, Founder, Finsec Law Advisors Former Executive Director, SEBI; Sourav Mallik Senior Executive Director - M&A Kotak Investment Banking and Cyril Shroff Managing Partner, Amarchand & Mangaldas, speak about the Takeover Code and give their outlook going forward.