intern
2216 Points
Joined June 2018
You could start by appointing a merchant banker. An escrow account has to be opened and the cash for the purchase of the securities needs to be deposited. It could also be in the form of securities with appropriate margin. Following that, a public announcement is required to made disclosing your intention to take over the company's shares. The shares could be bought either by an open offer. The announcement should include information like- identity of the acquirer, purpose of acquisition, change in control of the target company. The announcement should include a specified date along with the name of the shareholders to whom the offer letter would be sent. Within 14 days of the public announcement, a letter of offer has to be filed with SEBI along with a filing fee, due diligence certificate and registration details.