in india, bidders who acquire what percent of a target's stock must disclose that holding within two days of attaining it?

Respuesta :

Any acquisition of over 5% (five percent) of the shares of the general public listed company should be disclosed by the acquirer at intervals two (two) days from such acquisition.

Hence, the SEBI (Substantial Acquisition of Shares and Takeover) laws of 1994 were shaped. During this act, Section thirty delineated the procedure to amass the corporate. The acquirer should have a majority shareholder of the corporate to require over the corporate in a very truthful and clear manner.

A tender offer may be a sort of company action within which an organization proposes to get another company. in an exceedingly tender offer. This corporate produces the supply is thought because of the acquirer, whereas the topic of the bid is remarked because of the company.

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