SEBI issues Discussion Paper on SEBI (Substantial Acquisition of shares and takeovers) Regulations 2011; invites comments and suggestions till 02.03.2020

SEBI issues Discussion Paper on SEBI (Substantial Acquisition of shares and takeovers) Regulations 2011; invites comments and suggestions till 02.03.2020

February 7, 2020 CORP, Industries, states 0

Securities and Exchange Board of India (“SEBI”) has issued a Discussion Paper on the Securities and Exchange Board of India (Substantial Acquisition of shares and takeovers) Regulations 2011 inviting comments and suggestions from the public on the following issues:

  1. Completion of acquisition through bulk and block deals during the open offer period;

  1. Depositing 100% escrow in case of open offers made pursuant to indirect acquisitions;

iii. Payment of interest in case of delay in open offers.

Please note that the public comments/suggestions are invited in the following manner:123456

Source: Securities and Exchange Board of India

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