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Takeover

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(Querist)
20 June 2011 If a company proposes to purchase optionlly/compulsory convertible prefernce shares of a listed entity then will takeover code be trigred ?
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Pravin Gupta CS

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Pravin Gupta CS (Expert)
20 June 2011 Ya if the holding of convertiable instrument is under creeping limit....
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Devpura Nikunj

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Devpura Nikunj (Querist)
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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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
06 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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