New takeover regime from October 24

PUBLISHED ON: September 24, 2011 | Duration: 23 min, 17 sec

   
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The Securities and Exchange Board of India (Sebi) has notified the new takeover code, which will come into force from October 24. Under the new rules, the trigger for open offer increases from 15 per cent to 25 per cent and the open offer size rises from 20 per cent to 26 per cent.
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