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Takeover Code amendment plugs loopholes in norms: Expert

Sep 22, 2009 at 21:22

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Takeover Code amendment plugs loopholes in norms: Expert

There was a loophole in the system that has been plugged, said Hitesh Jain, Partner, ALMT Legal. According to him, one should view the deal and the regulations independently. "I don�t think the regulations have been tweaked or introduced solely for the purpose of the deal," he said.

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