Wednesday, August 14, 2013

Control to Trigger Open Offer: SEBI

The Securities & Exchange Board of India (SEBI) chairman UK Sinha has said that any entity acquiring control of a listed company would need to make an open offer for public shareholders. The statement is significant considering that the market watchdog is looking into Ethiad's proposed acquisition of a 24% stake in Jet Airways to check if there is any change in control.

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