The Legal Library section collates quality and in-depth reports on regulatory developments, court rulings and policy changes authored by India’s top law firms and consultants. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of law and policy.
ELP Update
In a move to make the process of open offers and buy-back offers more efficient and investor-friendly, Securities and Exchange Board of India has released a consultation paper proposing changes to the timelines related to various activities involved in open offers under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and buy-back offers under the SEBI (Buyback of Securities) Regulations, 2018.
The proposed changes are expected to reduce the overall time taken for completion of open offer from 62 working days to 42 working days. It will also reduce the overall time for completion of buyback from 43 working days to 36 working days.
Click on the attachment to read the full report:
DISCLAIMER
This alert does not constitute legal advice and is for information purpose only. This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR