Takeover Regulations

The pre- and post-acquisition direct and indirect shareholding and control of the promoters and promoter group will remain the same.

M&A experts welcome Sebi norms that protects buyouts from rumour-driven price surges

Under the new framework, variation in securities' prices that occur when an unverified rumour was alive will be excluded.

A company that no one wants. Owners regret acquiring: “We didn’t know”

The Securities and Exchange Board of India has told the present promoters of POMPL to make an open offer at nearly 10X the current price of Rs 2.

Company finds novel reason to duck open-offer: driven by "intense passion for Indian classical music"

Sebi busts company's reasoning, asks Rutmarg to make a public announcement for open offer

Engg firms's promoters reduced shareholding to a fourth without disclosures, fined Rs 16 lakh

The four entities reduced their shareholding from 59.23 percent to 15.25 percent over 15 transactions

Vadilal acquisition issue | Sebi exempts Rajesh Gandhi Family Trust from compliance with some takeover norms provisions

The Trust had filed an application with the regulator in May 2020, seeking exemption from certain provisions of takeover regulations.

Shareholding and control disclosures must for past 3-yr: Sebi

Streamlining the disclosure norms about substantial acquisition of shares in listed companies, markets regulator SEBI today directed the acquirers to report compliance to shareholding and control norms for past three years.

May re-look at new delisting norms: Sebi's UK Sinha

The Sebi norms issued last month, which mandate participation of at least 25 percent public shareholders in the delisting process, has also drawn criticism from market participants.

Subhkam Settled: Private Equity Unsettled?

Is the right to say no a measure of control? For two years the private equity industry has been keenly awaiting the answer to that question.

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

This week on the 4th episode of Rules of The M&A Game we discuss the many landmark changes to open offer pricing, open offer financing, open offer withdrawal.

TRAC Recos on Track: Snapshot of New Takeover Regulation

In a major development affecting corporate acquisitions, post the enactment of the Combination norms, now SEBI has approved the new Takeover Regulations. Existing Regulations required a re-look in light of evolving competitive landscape.