A former presiding officer at the Securities Appellate Tribunal, C Achuthan passed away on Monday afternoon after suffering a major cardiac arrest. He was 70.
By: Amrish Shah, Ernst & Young
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.
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.