Examples of Takeover regulations in a sentence
NSBP & Co, Chartered Accountants (FRN: 001075N), independent chartered accountant, which set out the floor price of the Delisting Proposal (“Floor Price”) to be Rs.461.05 per Equity Share, which is arrived at in accordance with Regulation 15 of the Delisting Regulations read with Regulation 8 of the Securities and Exchange Board of India (substantial Acquisition of Shares and Takeover) Regulations, 2011 during the Board meeting held on 22nd January, 2021.
Further, the Acquirers shall not be eligible to make voluntary delisting offer under SEBI (Delisting of Equity Shares) Regulations, 2009, unless a period of twelve months have elapsed from the date of completion of the Offer period as per regulation 7(5) of the Takeover Regulations.
The Acquirers intend to seek a reconstitution of the Board of Directors in compliance with regulation 24(1) of the Takeover Regulations.
In terms of regulation 23(1)(c) of the Takeover Regulations, if such condition precedents and other conditions are not satisfactorily complied with, this Offer would stand withdrawn.
The Offer is a “Mandatory Offer” under regulations 3(1) and 4 of the Takeover Regulations pursuant to the substantial acquisition of shares, voting rights and control of and over the Target Company.