A progressive code of a new era

Within less than 2 months from the date when the Sebi Board considered the Takeover Regulations Advisory Committee (TRAC) report and accepted most of the TRAC recommendations, the final text of the new Takeover Code, i.e. the Sebi (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 have been notified on September 23, 2011. The new Takeover Code would be effective on and from October 22, 2011. This article analyses some of the key changes brought in by the new Takeover Code.

Read Full Story>>