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No fresh valuation was necessary for acquiring 25% shares of a co. that were frequently traded

February 10, 2020[2020] 113 479 (SAT - Mumbai)

COMPANY LAW/SEBI : Where respondents made a public announcement with an offer price of Rs. 101 per share to shareholders of 'GTL' for acquiring 25 per cent share of company 'GTL', however, said offer was implemented belatedly, since shares of GTL were frequently traded, no fresh valuation was necessary

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