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    Sebi Changes Its Takeover Code

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    Satish Shukla
    SEBI has made several changes to its takeover code: 1) It has increased the trigger point for mandatory open offers from 15% to 25% stake in a company. 2) Acquirers will no longer be required to pay a non-compete fee. 3) The percentage of shares required to be offered in an open offer has been increased from 20% to 26%.

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    Sebi Changes Its Takeover Code

    Uploaded by

    Satish Shukla
    6 views8 pages
    SEBI has made several changes to its takeover code: 1) It has increased the trigger point for mandatory open offers from 15% to 25% stake in a company. 2) Acquirers will no longer be required to pay a non-compete fee. 3) The percentage of shares required to be offered in an open offer has been increased from 20% to 26%.

    Original Description:

    Analyzes the new takeover code given by SEBI

    Original Title

    SEBI Takeover

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    © Attribution Non-Commercial (BY-NC)

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    SEBI has made several changes to its takeover code: 1) It has increased the trigger point for mandatory open offers from 15% to 25% stake in a company. 2) Acquirers will no longer be required to pay a non-compete fee. 3) The percentage of shares required to be offered in an open offer has been increased from 20% to 26%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    6 views8 pages

    Sebi Changes Its Takeover Code

    Uploaded by

    Satish Shukla
    SEBI has made several changes to its takeover code: 1) It has increased the trigger point for mandatory open offers from 15% to 25% stake in a company. 2) Acquirers will no longer be required to pay a non-compete fee. 3) The percentage of shares required to be offered in an open offer has been increased from 20% to 26%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 8

    SEBI CHANGES ITS TAKEOVER CODE

    An

    acquirer taking over control of the management of the target company by acquiring a substantial stake in the target company. Indian Scenario the voting rights in the board of the company are awarded when a person has 5% shares in the company.

    In

    Poison

    Pill

    Staggered

    Board Of Directors

    1) 2) 3) 4)

    SEBI has increased the trigger point from 15% to 25%. Acquirers will not be required to pay a Non-Competent Fees. The open offer has been increased from 20% to 26%. KYC norms, a uniform KYC norms will be established

    1) 2) 3) 4)

    Increasing Trigger Point Non-Competent Fees Open Offer Any Other

    In

    a move to curb insider trading, SEBI has asked the promoters to disclose their shareholdings.

    Asian

    Paints- ICI Saga

    SEBI

    has also simplified IPO application

    forms
    It

    has also simplified opening of DMAT accounts. of unnecessary details

    Removal

    Lord

    Swaraj Paul- Escorts Saga Paints Saga Takeover

    ICI-Asian ABG-L&T

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