Open Offer Consideration definition
Open Offer Consideration means the consideration required to be paid by the Purchaser to the public shareholders of the Company under the SEBI Takeover Regulations, in connection with the purchase of the Open Offer Shares (assuming full acceptance);
Open Offer Consideration means the aggregate consideration payable by the Acquirer for the purposes of completing the Open Offer and acquiring at least 26% (Twenty Six Per Cent) of the paid up share capital of the Company from the public shareholders of the Company, in accordance with the SEBI Takeover Regulations;
Examples of Open Offer Consideration in a sentence
All conditions precedent to the obligation of the iGATE Purchasers to fund the Open Offer Consideration (as defined in the Patni SPA) set forth in the Patni SPA shall have been satisfied.