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SEBI eases requirements for making open offer under Takeover code

June 25, 2020
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The SEBI has amended the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations whereby it has clarified that any acquisition of shares or voting rights or control of the target company by way of preferential issue in compliance with regulation 164A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 shall be exempt from the obligation to make an open offer
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