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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 .


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