SEBI: Regulation 10(4)(e) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
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This document contains editable Format in terms of Regulation 10(4)(e) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to be given by the promoters in case of acquisition of shares in a target company from state-level financial institutions or their subsidiaries or companies promoted by them pursuant to an agreement, making it handy for use and compliance.
Regulation 10(4)(e) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Acquisition of shares in a target company from state-level financial institutions or their subsidiaries or companies promoted by them, by promoters of the target company pursuant to an agreement between such transferors and such promoter.
In this case the promoter is exempted from the obligation to make an open offer
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