provisions of section 68. (11) Any compromise or arrangement may include takeover offer made in such manner as may be prescribed: Provided that in case ... listed companies, takeover offer shall be as per the regulations framed by the Securities and Exchange Board. (12) An aggrieved party may make an application
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 made under the Securities and Exchange Board of India ... Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 made under the Securities and Exchange Board of India
Appropriate Commission,– (a) undertake any transaction to acquire by purchase or takeover or otherwise, the utility of any other licensee; or (b) merge his utility
Penalty for non-disclosure of acquisition of shares and takeovers.
If any person, who is required under this Act or any rules or regulations made
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("the Takeover Regulations"), and for a consequential direction ... been issued in violation of the provisions of the SEBI Act and Takeover Regulations. The said announcement and proposed acquisition of shares by respondents
Multi Tech Limited (SRMTL) under the SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 1997 (Takeover
Code/Takeover Regulation) has been rejected.
Facts ... invocation of the pledge triggered Regulation 10 of the
Takeover Code.
6. On 26th July, 2005, in accordance with the Regulation 10 of the
Takeover
Securities and Exchange Board of India (Substantial Acquisition of Shares
and Takeovers) Regulations, 1997 (the SEBI Takeover Regulations or
Takeover Code).
2. The facts ... offer' made by Ranbaxy for Zenotech shares, in terms of the Takeover
4
Regulations, closed on November 15, 2008. Following the completion
existing Companies. From 4th November, 1994, SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1994 (for short 'SEBI Takeover Regulations, 1994') were ... from 51% to 74%. The SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (for short SEBI Takeovers Regulations, 1997) are in force, from February
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (for short the Takeover Regulations). However, no submissions were made in this regard ... with INDAL but somewhere along the line the intention changed to a takeover of INDAL.
7. Accordingly, in terms of Regulation
SEBI Act, 1992 and the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and sought investigation by SEBI. The said petition was then dismissed ... date and, therefore, they are in violation of regulation 10 of the Takeover Regulations.
10. The Ambujas and the target company on the contrary have
