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Acquition of a company
Can a listed public limited company acquire more than 70% of the shares of an another listed public limited company from its promoters and from the market ?
Replies (2)
Most of the friendly takeovers happen through the board approvals and they sell any amount of stakes to the acquirer.
When it comes to hostile take over, they acquire the stake from markets with more buying power either from primary or secondary markets without the board consent.
Yes with approval of BOD
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