SEBI SAST
Substantial Acquisition of Shares and Takeovers
Regulatory ComplianceThe 'Takeover Code' governing acquisition of substantial shares, open offers, and change of control in listed companies.
Formula
Open offer triggered at 25% ownership or acquisition of control
Why it matters
Protects minority shareholders during takeovers. Acquirers must make open offer at fair price above certain thresholds.
Indian example
Related terms
Learn the concept
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