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Modification in take over Code incresed the cost of M&A

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2010 What is the reason behind incresed the Aquasition % from 15% to 25&?
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Rasesh

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Rasesh (Expert)
22 July 2010 This is only a proposal and has not become a low.

Reason: to provide more voting power and investment flexibility to Institutional investors who would not like to takeover the company but like to hold substantial shareholding (voting power).
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