banner_ad

New takeover code

Others 492 views 1 replies

Hi,

Promotor  holding of listed Company is –55.18 % .two companies out of this promotor group holding 6.52 % each.Now these 2 companies are buying shares of the companies in which they are in promotor group.

e.g -- If  "abc is company"  and  "x " and  " y " are in promotor group . x and y both are  buying  shares of abc.

 

My query is :-

as per new takeover code.

1) what  disclosures are required to be made by x and y in individual capacity

2)what disclosures are required to be made by  "promotors group of abc company ".

3) is creeping acqsition applicable here ? what are the % , to AVOID open offer both from promotor group angle and individual angle (specify the maximum % to avoid the open offer )

 

Regards

Replies (1)

/articles/new-takeover-code-disclosure-requirement-14354.asp#.UE7dz67UtJE

 

Please read above article.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details