Takeover
This query is : Resolved
20 June 2011
If a company proposes to purchase optionlly/compulsory convertible prefernce shares of a listed entity then will takeover code be trigred ?
20 June 2011
Ya if the holding of convertiable instrument is under creeping limit....
20 June 2011
But the defination of the shares specially excludes preference shares ?
So how to interprete that defination provided in SEBI (SAST) Regulation 1997 ?
In case u have any case laws or clarification/ Notification please provide.
Thanks in advance .
So how to interprete that defination provided in SEBI (SAST) Regulation 1997 ?
In case u have any case laws or clarification/ Notification please provide.
Thanks in advance .
06 July 2023
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