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Takeover Open Offer Process

1) The document outlines an open offer process for acquiring shares of a public company. 2) It involves appointing a merchant banker within 7 days of deciding to acquire shares. The acquirer must make a public announcement within 5 days of appointing the merchant banker. 3) The acquirer must complete the acquisition within 15 weeks of making the public announcement by completing final settlement and paying consideration to shareholders.

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vishu
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34 views1 page

Takeover Open Offer Process

1) The document outlines an open offer process for acquiring shares of a public company. 2) It involves appointing a merchant banker within 7 days of deciding to acquire shares. The acquirer must make a public announcement within 5 days of appointing the merchant banker. 3) The acquirer must complete the acquisition within 15 weeks of making the public announcement by completing final settlement and paying consideration to shareholders.

Uploaded by

vishu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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open offer Process -

public DPS within 7 WN


TRiggeR Appoint
within 500
SABI
within 15 W
AcquiReR
SIM of T C
.

& TO
Bob F TC .

comment
Limit
Announcement Detailed SRaft L0 0 an

final
a 200 + App form
.

where sh
.

Raft .
to SE
public
Triggered MB of T are listed

wais
.
. c .

statement
if any additional info is

sought Comment wa
by SEBI ,

at least 2
period shall be extended
WN B4 DPS
from
by further
5 ww
Prior
open ESCROW Al
C1 of
o satisfactory
.

days Penal 9-of


the date 3 IOWD
T P
From Acquirpa cooling
.

Reply
.

for T P
security
.

purpose
.

Art to be
deposited .
at least one
days
B4 Sitt
mode of Deposit
Depends un
Pee- Acquisition adv. 9
cash deposit with SCB .
considerative
Payable 90
But fame

3
2 Bank Guarantee in
favor /o'
S agusitad
Ge
open an ESCROW A
I MB
PESOOCR ORIT can
Payment
sa the SIM
.

se To make to
CP>E5OOCR
transfer
.

185
freely
tradable
3 Deposit xl
who have tendered their shakes
25% o CP
.

securities completion Cp
.

for Ast E500CR


for of Deposit the .

Balence
acquisition
combination 3
.

If above make the


payment
.

25%
10 % I Bat

if using 2/3 method within 5 WD

then
,
attest 1 Yo P shall

be
deposited in cask .

Post acquisitions
Advertisement
shall be forfeited .

scall be it offer withdrawn


condition of
I if any Law not
complied .

d To Balance
In amt

Target if
distribute
Co H
t
.

SIM of T C
.
IEPFAK -

who have

Tendered
their shares

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