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
Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers)
Regulations, 1997 (hereinafter referred to as the 'Takeover
Regulations).
2. The facts ... target Company
from the erstwhile promoters thus triggering Regulation 10 of
the Takeover Regulations. In terms of Regulations 10 and 12
of the Takeover Regulations
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (the Takeover Regulations), the promoters of a company are allowed ... promoters through public offer was in tune with the objective of the Takeover Regulations. He submitted that the very foundation of the charge of manipulation
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers ) Regulations 1997 ( the 1997 Regulations). The order further stated that as Shri Bajoria ... required under regulation 7(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 the Acquirer was duty bound to disclose the aggregate
under the Securities and Exchange of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (the Regulations). The said exemption application was disposed ... from the above submission.
4. The Respondent referred the matter to the Takeover Panel for its view. The panel vide its report dated 14.12.2000 observed
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
requirements of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 1997 (the 1997 Regulations), on behalf of Shri V.K. Modi ... SEBI) letter, governed by the provisions of regulation 20(4) of the Takeover Regulations, i.e., if any one of them purchases any shares
basis of the unpublished price sensitive information relating to impending takeover of ABS by Bayer, available to the Appellant by virtue of his position ... purchase their shares under the provisions of the SEBI (Substantial Acquisition and Takeovers) Regulations, 1994 (the "Takeover Regulations"). An understanding to proceed with
Securities and Exchange Board of India (Substantial Acquisition of shares and Takeovers) Regulations, 1997 (the Takeover Regulations) in the context of substantial acquisition of shares ... Technip to comply with the requirements of Chapter III of the Takeover Regulations, it has been stated in the order that:
"........the Technip, ISIS
been made, ACM and ACMF were considered guilty of violating the Takeover Regulations, 1997 and Shri Samir C. Arora had thus displayed unprofessional conduct because ... Funds managed by him exceeding the threshold limit prescribed in the Takeover Regulations and non-reporting of that situation to SEBI, he submitted that
