Financial Daily from THE HINDU group of publications
Friday, Mar 29, 2002
Financial Daily from THE HINDU group of publications Friday, Mar 29, 2002 |
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Mergers & Acquisitions Markets - Regulatory Bodies & Rulings Corporate - Mergers & Acquisitions Creeping limit period extended Our Bureau
MUMBAI, March 28 THE Securities and Exchange Board of India (SEBI) has decided to continue with the ten per cent creeping acquisition limit for another six months, up to September 30, 2002. The creeping acquisition limit provided under Regulation 11(1) of the SEBI (Substantial Acquisition of shares and Takeovers) Regulations was increased from five per cent to ten per cent in October, 2001, according to a SEBI press release. The limit was subject to review on March 31, 2002.
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