Takeover regulations definition
Examples of Takeover regulations in a sentence
Takeover regulations means the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time.
Issues involved The Hon'ble Supreme Court while upholding the contentions of Daiichi held that Daiichi was not bound by the price offered by Ranbaxy merely because Ranbaxy was a subsidiary of Daiichi and further held that a mere relationship of holding company and subsidiary is not sufficient to infer that the parties were 'persons acting in concert' as defined under Regulation 2(e)(1) of the Takeover regulations.
Post the 2011 amendment, the Takeover regulations provide that an acquisition of more than 25 per cent of the substantial shares or voting rights of the target company would require the acquirer to make an open offer to the public shareholders of the target company.
Therefore, the breach was technical in nature and insignificant and only for a few days.• SEBI observed that during the quarter ending June 2013, the shareholding of one of the promoter entity of the company namely, Vakrangee Holdings Private Limited (VHPL) increased the threshold limit of 25% of Total share capital of the company.• SEBI has directed VHPL to make a public announcement to acquire shares of Vakrangee Limited in accordance with the provisions of the Takeover regulations, 2011.
Takeover exceptions and private transfers During the year the Authority exempted one takeover from the Takeover regulations.