Recommending sweeping changes in the Takeover Code, a Sebi panel on Monday suggested hiking open offer trigger to 25 per cent from the current 15 per cent and raising the offer size to 100 per cent of the equity in the target company.
Market regulator SEBI is likely to announce the new takeover rule for companies by the end of this year, Chairman of the Takeover Regulatory Advisory Committee C Achuthan said on Monday.
Non-uniform definition of control makes foreign investors wary, raise corporate governance issues.
For deals to be investor-friendly in India, review of merger and acquisition law is a prerequisite.
In its efforts to make listed firms more responsible towards investors, Sebi may announce new insider trading norms as early as next week.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances