Comment on the following: Regulation 10 of the Takeover Code provides automatic exemption from the applicability of making open offer.
CS Executive · Capital Markets & Securities Laws · PYQS · December 2016
Comment on the following: Regulation 10 of the Takeover Code provides automatic exemption from the applicability of making open offer.
Answer & Explanation:
The statement is true . Regulation 10 of the SEBI Takeover Regulations, 2011 provides for automatic exemption from the applicability of making Open Offer to the shareholders of the Target Company in respect of certain acquisitions subject to the compliance of certain conditions specified therein.
Topics: Takeover Regulations
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