Sarabjeet Kaur (CS) (196 Points)
07 July 2012I have one query regarding applicability of SEBI SAST Regulations:-
If shares of A ltd has been listed on a stock exchnage but its trading has been suspended. But suppose, a person wants to accquire shares of A Ltd or wants to obtain control over that company
Whether SAST Regulations have been applicable on it, if Yes then how can he offer price will be determined as the shares have not traded?
HONEY AHUJA
(cs)
(104 Points)
Replied 09 July 2012
You have to make open offer even the Companys' shares are not traded and under suspension. You can contact me @ honeyahuja @ mastertrust.co.in. We are specilised in take over of listed Companies etc.
CAclubindia
