SEBI issues new delisting norms through an open offer under takeover regulations

The market regulator SEBI, specifies new delisting norms through open offer. As per amended norms the option to delist through open offer is restricted to only new acquirers acquiring fresh control. SEBI also notifies scale down option for the acquirer who is expected to cross 75% threshold pursuant to open offer.The market regulator SEBI, specifies new delisting norms through open offer. As per amended norms the option to delist through open offer is restricted to only new acquirers acquiring fresh control. SEBI also notifies scale down option for the acquirer who is expected to cross 75% threshold pursuant to open offer.taxmann.com Latest Statutory HappeningsRead More

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