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Acquistion of shares

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Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2010 What is the procedure of acquiring major stake in a company by an individual? Is any sort of intimation required to be given to company and SEBI? What wil be the consequences if the company is foreign co.?

Ankur Garg (Expert)
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02 July 2010 Yes you have to give intimation to the company after acquiring stake at certain levels.

You are requested to refer Sebi takeover code regulation 1997 for the SUBSTANTIAL ACQUISITION OF SHARES...

You may download the same from the link below:

https://www.sebi.gov.in/Index.jsp?contentDisp=Section&sec_id=1

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