Dear All,
If we have acquire 62% holding in the target company as per notification dated 6.11.2009 in Regulation 11(2) of SEBI(SAST),1997 can we further aqcuire 5% without PA.
Kindly Clarify.
Regards,
meenu
Krati
(CS, IPPC in May 10)
(93 Points)
Replied 24 November 2009
you can do so....you can further acquire 5% in your entir life time though market acqusition only
meenu
(cs)
(416 Points)
Replied 24 November 2009
Dear krati,
But if we have already acquired 5% in this f.y and now hold 62% after acquisition can we now purchase 5% more under Regulation 11(2).
Meenu
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