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 ?
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Quick Summary
This discussion explores the acquisition of listed public limited companies. It clarifies whether a company can acquire more than 70% of another listed company's shares from promoters and the open market. The content differentiates between friendly takeovers, which typically involve board approvals, and hostile takeovers, where stakes are acquired from the market without board consent, though board approval is ultimately required.

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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