CHRONOLOGY OF KEY EVENTS Sample Clauses

CHRONOLOGY OF KEY EVENTS. To conclude, the chronology of key events is summarized as under: Date Event June 11, 2008 Signing of Agreement by Daiichi with Ranbaxy and its Promoters. June 14, 2008 Public announcement by Daiichi to the shareholders of Ranbaxy to acquire additional 20% equity shares at Rs.737 per share under the Takeover Code. June 18, 2008 Ranbaxy announces its settlement with Pfizer over Lipitor litigation worldwide. June 27, 2008 Submission of draft letter of offer by Daiichi to SEBI for its observations . July 15, 2008 Approval of preferential allotment of equity shares and warrants to Daiichi by the shareholders of Ranbaxy. August 4, 2008 Daiichi receives SEBI’s observation on the draft letter of offer Xxxxxx 0, 0000 XXXX approves the proposed investment, subject to approval of CCEA August 11, 2008 Daiichi issues revised schedule of activities due to delayed receipt of SEBI observation August 16, 2008 Opening of open offer September 4, 2008 Closing of open offer October 3, 2008 Receipt of approval from CCEA for foreign investment October 15, 2008 Acquisition of 20% equity stake by Daiichi pursuant to open offer October 16, 2008 SEBI rejects Promoter’s application to sell their equity stake through a block deal on the stock market October 20, 2008 Ranbaxy becomes subsidiary of Daiichi upon increase in Daiichi’s stake to 52.5% (including preferential allotment and transfer of 1st tranche shares from Promoters) November 7, 2008 Daiichi acquires balance 11.42% shares from the Promoters off the stock market and the deal is concluded. Daiichi’s equity stake in Ranbaxy up to 63.92% This analysis should not be construed as a legal opinion. Although every effort has been made to provide accurate information in this analysis, we cannot represent or guarantee that the content of this analysis is appropriate for your situation and hence this information is not a substitute for professional advice. The facts and figures mentioned in this analysis have been obtained from publically available sources and Xxxxxxx Xxxxx Associates does not vouch the accuracy of the same. It may not be relied upon by any person for any other purpose, nor is it to be quoted or referred to in any public document or shown to, or filed with any government authority, agency or other official body without our consent. We are relying upon relevant provisions of the Indian laws, and the regulations thereunder, and the judicial and administrative interpretations thereof, which are subject to change or modif...
Sample 1
AutoNDA by SimpleDocs
CHRONOLOGY OF KEY EVENTS. 15. In February 2018, Coinsquare submitted its first request for support to the OSC LaunchPad. The request for support process is an opportunity for firms to discuss their business with the OSC LaunchPad team, obtain informal guidance and discuss potential next steps for registration 1 Formerly goNumerical Ltd. The company name was changed to Coinsquare Ltd. in September 2018. and/or exemptive relief, if required. LaunchPad staff commenced a dialogue regarding Coinsquare’s intention to obtain registration with the Commission to permit the Coinsquare Platform to trade securities and derivatives in Ontario.
Sample 1
CHRONOLOGY OF KEY EVENTS. The chronology of the key events till the proposed scheme of arrangement is summarized as follows2: Date Events May 5, 2008 Bharti Airtel announces that it has entered into exploratory discussions with the MTN Group May 6, 2008 Bharti Airtel denies media reports that it has put an offer on the table for acquiring MTN May 16, 2008 Both parties reach an in-principle agreement, and a term sheet was initiated between the two parties May 21, 2008 The agreed term sheet is presented to the MTN Board May 24, 2008 Bharti Airtel withdraws from the talks, following the MTN board presenting a completely different structure to Bharti Airtel. Bharti Airtel sees this new proposal as a convoluted way of getting indirect control of the proposed combined entity, which would have made Bharti Airtel a subsidiary of MTN. May 26, 2008 Reliance Communications (“RCom”) enters into exclusive merger discussions with MTN June 13, 2008 RCom alleges that Reliance Industries Limited (“RIL”) sent a communication to MTN, making a claim of the right of first refusal. MTN dismisses RIL‟s claims July 19, 2008 RCom and MTN formally end talks May 21, 2009 Bharti Airtel makes a media statement that it has entered into talks for a „strategic merger‟ with MTN COMMERCIAL CONSIDERATIONS The Indian telecom growth story, we believe seems to have remained unaffected by the global liquidity crisis, with unabated interest in the sector from global operators. The Indian telecom market is regarded as the fastest growing in the world, with the number of total outstanding cellular subscribers growing at an exponential pace. The fact that a large segment of the market remains untapped has lead to a heightened interest from investors in relation to the telecom sector. The proposed Bharti Airtel-MTN deal, we believe, would be the crown jewel among a host of other high profile acquisitions in the telecom sector.
Sample 1

Related to CHRONOLOGY OF KEY EVENTS

  • Events of Dissolution The Company shall be dissolved upon the happening of any of the following events:

  • Reports of unusual occurrence The Contractor shall, during the Maintenance Period, prior to the close of each day, send to the Authority and the Authority’s Engineer, by facsimile or e- mail, a report stating accidents and unusual occurrences on the Project Highway relating to the safety and security of the Users and Project Highway. A monthly summary of such reports shall also be sent within 3 (three) business days of the closing of month. For the purposes of this Clause 15.4, accidents and unusual occurrences on the Project Highway shall include:

  • Relief Events Subject to Clause 13.3, and notwithstanding any other provision of this Agreement, the Supplier shall have no liability for failure to perform the Services or its other obligations under this Agreement if it is prevented, hindered or delayed in doing so as a result of any Relief Event.

  • Extraordinary Events No fault if failure due to an Extraordinary Event

  • Suspension; Cancellation; Acceleration of Maturity Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations:

  • Order Types As defined in FAR Part 16, Type of Contracts, all types of Fixed-Price, Cost-Reimbursement, Incentive, Time-and-Materials (T&M), and Labor-Hour (L-H) are permissible for Orders under the Basic Contract. In addition, the Award Term Incentive may be used for Orders under the Basic Contract. Indefinite Delivery, Indefinite Quantity, Blanket Purchase Agreements, and Letter Contracts are not permissible Order types under the Basic Contract. Orders may be multi-year and/or include options as defined in FAR Part 17 and agency-specific FAR Part 17 supplements.

  • Events If either Party hereto is at any time either during this Agreement or thereafter prevented or delayed in complying with any provisions of this Agreement by reason of strikes, walk-outs, labour shortages, power shortages, fires, wars, acts of God, earthquakes, storms, floods, explosions, accidents, protests or demonstrations by environmental lobbyists or native rights groups, delays in transportation, breakdown of machinery, inability to obtain necessary materials in the open market, unavailability of equipment, governmental regulations restricting normal operations, shipping delays or any other reason or reasons beyond the control of that Party, then the time limited for the performance by that Party of its respective obligations hereunder shall be extended by a period of time equal in length to the period of each such prevention or delay.

  • Layoffs May Occur Once strategies other than layoff have been explored, the institutions may proceed, if need be, to layoffs. For those affected by layoff, the provisions of the local collective agreement will apply and the system-wide Electronic Registry of Laid off Employees will be available.

  • Effective Dates This Letter of Understanding shall take effect for all grievances filed on or after February 1, 2022. This XXX shall expire upon successful ratification of a Memorandum of Agreement with respect to central terms. Should a Memorandum of Agreement with respect to central terms not be successfully ratified, the parties will meet within thirty (30) calendar days of the unsuccessful ratification vote to either extend or terminate this XXX. If this XXX is terminated, the parties agree to move grievances filed under the interim procedure back to the appropriate central or local grievance procedure and to their respective steps in those procedures.

  • Criteria for Performance Assessment A. A teacher’s performance shall be assessed based on the criteria set forth in the evaluation instrument, Appendix D.

Time is Money Join Law Insider Premium to draft better contracts faster.