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What does SEBI’s stand on defining ‘control’ for takeovers mean?

By TEAM VCC

  • 25 Sep 2017
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What does SEBI’s stand on defining ‘control’ for takeovers mean?
Credit: Reuters

Going against the common perception that a bright-line test would help in setting objective and clear definitions with little or no room for varying interpretations, Securities and Exchange Board of India has said that it could, instead, jeopardise mergers and acquisitions under the Substantial Acquisition of Shares and Takeover (SAST) ......

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