Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 1997 (hereinafter called the takeover
code). That entity has merged into ... appellant is
an "acquirer" within the meaning of the takeover code and belongs to the group
"Subhkam Ventures" promoted by Rakesh
Securities and Exchange Board of India (Substantial Acquisition of Shares and
Takeovers) Regulations, 1997 (hereinafter called the takeover code) is the short question
that arises ... India under Regulation 4 of SEBI (Substantial Acquisition of Shares &
Takeover) Regulations, 1997 seeking exemption from the applicability of the
provisions of Regulation
Securities and
Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,
1997 (hereinafter called the takeover code). As the appellant had not come ... Board found that the former had violated the provisions of the takeover
code. The Board also found from the annual report of the target company
statement of
shareholding or promoters
pursuant to the requirements
of the SEBI(Takeover
Regulations) 1997
2. Copy of Form No.32 filed 97-100
with ... acquire further
20% of the equity in the
company as per SEBI
(Takeover Regulations) 1997
5. Copy of first quarter interim 168-189
report
Securities and Exchange Board of
India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (for short
the takeover code). In order to appreciate the aforesaid ... their holdings to the company thereby violating Regulation
7 of the takeover code. Accordingly, a show cause notice dated June 14, 2005 was
issued
Securities and Exchange Board of India (Substantial Acquisition of
Shares and Takeovers) Regulations, 1996 (referred hereinafter as the takeover code) is the
question that arises ... voting rights in the target company and Regulation 10 of the takeover code would get
triggered. Regulation 10 provides that no acquirer shall acquire shares
Securities and Exchange Board of India (Substantial Acquisition of Shares and
Takeovers) Regulations, 1997 (hereinafter called the Takeover Code). It has been
found that ... make the public
announcement as required by Regulation 11(1) of the Takeover Code.
2. We have heard the learned counsel for the parties
Securities and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 1997 (referred to hereinafter as the takeover code)
is the short question ... delivery contract basis. This acquisition triggered
Regulations 10 and 12 of the takeover code and, therefore, the appellants made a public
announcement on April
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers)
Regulations, 1997 (for short the takeover code). Consequently, the first appellant ... made a mandatory open offer under Regulations
10 and 12 of the takeover code for acquiring 20 per cent of the shareholding of the target
Securities and Exchange Board of
India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (for short
the takeover code) and for these violations the appellants ... cent to 70.20 per cent as a result whereof the takeover code got triggered. Since
the total shareholding of the promoter group had increased
