Takeover Regulations

Type: Keyphrase
Name: Takeover Regulations
First reported Aug 17 2014 - Updated Aug 17 2014 - 1 reports

India-made regulations will deter "Make in India"

The Securities and Exchange Board of India (Sebi) is reviewing the delisting regulations. The review is long overdue since the delisting regulations represent a body of law unique to India, which, in interplay with the law on minimum public shareholding ... [Published Business Standard India - Aug 17 2014]
First reported Aug 15 2014 - Updated Aug 15 2014 - 1 reports

Indemnity for borrower queried

A judge has queried why South Canterbury Finance (SCF) would give a borrower indemnity against any loss, after the borrower was loaned $6.9 million.The trial of former SCF directors Ed Sullivan and Robert White, and former chief executive Lachie McLeod ... [Published stuff.co.nz - Aug 15 2014]
First reported Aug 14 2014 - Updated Aug 15 2014 - 1 reports

TUI Says TUI Travel Merger Plans On Track

TUI's plans for a merger with its London-listed unit TUI Travel are on track, the German company's chief executive said."We are well on the way but we can't say anything more," Friedrich Joussen told journalists after the group reported third quarter ... [Published AIRwise - Aug 14 2014]
First reported Aug 14 2014 - Updated Aug 14 2014 - 1 reports

TUI TRAVEL : AG says Travel merger plans on track

TUI AG's  ( >> TUI AG ) plans for a merger with its London-listed unit TUI Travel Plc  ( >> TUI Travel PLC ) are on track, the German company's chief executive said on Thursday.TUI AG's  ( >> TUI AG ) plans for a merger with its London-listed ... [Published 4 Traders - Aug 14 2014]
First reported Aug 13 2014 - Updated Aug 13 2014 - 1 reports

Sebi slaps Rs 50 lakh fine on two entities

Capital market watchdog Sebi today imposed a cumulative fine of Rs 50 lakh on Hooghly Mills Project and Hooghly Stocks & Bonds for failing to make public announcements with regard to acquisition of shares.The Securities and Exchange Board of India has ... [Published Business Standard India - Aug 13 2014]
First reported Aug 08 2014 - Updated Aug 08 2014 - 1 reports

TRP ruling highlights pyramid companies and issues around "control"

A recent ruling of the Takeover Regulation Panel (TRP) in the matter of Alert Steel Holdings Limited and Capitalworks Private Equity Fund (26 June 2014) (available at the TRP's website under "Rulings") has highlighted the need for acquirers of pyramid ... [Published Lexology - Aug 08 2014]
First reported Aug 04 2014 - Updated Aug 04 2014 - 1 reports

Buildmax: Interest received from third party

Buildmax’s board of directors had received a non-binding expression of interest from a third party to acquire the entire issued share capital of the company, it said on Friday.The identity of the proposed buyer was not disclosed. Buildmax, a listed open-cast ... [Published IOL - Aug 04 2014]
First reported Jul 31 2014 - Updated Jul 31 2014 - 1 reports

Sebi slaps Rs 62.5 lakh fine on Rajlaxmi Ind' former promoters

Market regulator Sebi today slapped penalties totalling Rs 62.5 lakh on former promoters of Rajlaxmi Industries for allegedly failing to disclose yearly shareholding disclosures within the stipulated timline.The Securities and Exchange Board of India ... [Published Business Standard India - Jul 31 2014]
First reported Jul 28 2014 - Updated Jul 29 2014 - 1 reports

Sebi mulls changes in takeover norms; control, pricing on radar

— By , July 28, 2014 12:20 am New Delhi : Capital markets watchdog Sebi may soon consider some changes in its takeover norms for listed companies, including in the provisions governing price offered to minority investors and those defining change in ... [Published The Freepress Journal - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Sebi facing persistent questions on definition under takeover code

The capital markets regulator may review the definition of 'control' under the takeover code to provide more clarity so investors know precisely what this entails and to reassure them that their investment will be protected, in the backdrop of what happened ... [Published Economic Times - Jul 28 2014]
First reported Jul 27 2014 - Updated Jul 28 2014 - 2 reports

Sebi may modify takeover norms for listed companies

Sebi (Securities and Exchange Board of India) revamped its regulations governing M&A deals and substantial acquisition of shares of listed companies significantly in 2011, with a new and detailed Takeover Code. Photo: Abhijit Bhatlekar/MintNew Delhi: ... [Published Livemint.com - Jul 27 2014]
First reported Jul 23 2014 - Updated Jul 24 2014 - 1 reports

Sebi settles matter with Corporate Courier and Cargo

Capital market watchdog Sebi has settled a matter with Corporate Courier and Cargo Ltd after the company paid Rs 6.43 lakh settlement fee in a case related to non-compliance with takeover regulations.Corporate Courier was required to make timely disclosures ... [Published Business Standard India - Jul 23 2014]

Quotes

"It just does not seem commercial. Why would a borrower determine the terms? I am looking for a commercial reason to do that, that is not associated with the possibility the shares were being held for someone else" the judge said
"We are well on the way but we can't say anything more" Friedrich Joussen told journalists after the group reported third quarter results
The SecuritiesSecurities and Exchange Board of India has imposed "a penalty of Rs 50 lakh on the noticees viz. Hooghly Mills Project Ltd and Hooghly Stocks & Bonds Pvt Ltd...For the failure to comply with the provisions of... SAST (Substantial Acquisition of Shares and Takeover Regulations."
The case concerned a so-called 'pyramid' structure of companies. A 'pyramid' is defined in the Takeover Regulations, reg 81, as "the ultimate controlling juristic person, or any intermediate juristic person that, directly or indirectly, holds at least the specified percentage of a controlled company and after applying consolidation accounting principles (irrespective of whether consolidation principles should be applied or not) either (i) derives more than 75% of its total attributable income from that controlled company, or (ii) the attributable net assets in that controlled company represent more than 75% of the total attributable net group assets of the pyramid"

More Content

All (25) | News (25) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
India-made regulations will deter "Make in India" [Published Business Standard India - Aug 17 2014]
Indemnity for borrower queried [Published stuff.co.nz - Aug 15 2014]
TUI Says TUI Travel Merger Plans On Track [Published AIRwise - Aug 14 2014]
TUI TRAVEL : AG says Travel merger plans on track [Published 4 Traders - Aug 14 2014]
Sebi slaps Rs 50 lakh fine on two entities [Published Business Standard India - Aug 13 2014]
TRP ruling highlights pyramid companies and iss... [Published Lexology - Aug 08 2014]
Investors were enticed, trial told [Published Timaru Herald - Aug 06 2014]
ARL: ASTRAL FOODS LIMITED - Disclosure of Benef... [Published JSE Securities Exchange - Aug 05 2014]
Buildmax: Interest received from third party [Published IOL - Aug 04 2014]
Sebi slaps Rs 62.5 lakh fine on Rajlaxmi Ind' f... [Published Business Standard India - Jul 31 2014]
New Britain Palm Oil's Biggest Shareholder Set ... [Published HispanicBusiness.com - Jul 31 2014]
Sebi facing persistent questions on definition ... [Published Economic Times - Jul 28 2014]
Sebi mulls changes in takeover norms; control, ... [Published The Freepress Journal - Jul 28 2014]
Sebi may modify takeover norms for listed compa... [Published Livemint.com - Jul 27 2014]
Sebi mulls change in takeover norms; control, p... [Published Business Standard India - Jul 27 2014]
AbbVie earnings get boost for strong Humira sal... [Published BusinessWeek - Jul 25 2014]
ADR: KELLY GROUP LIMITED - Joint Announcement o... [Published JSE Securities Exchange - Jul 24 2014]
Sebi settles matter with Corporate Courier and ... [Published Business Standard India - Jul 23 2014]
Appointment of Listing Committee Members [Published Noodls - Jul 18 2014]
TCS: TOTAL CLIENT SERVICES LIMITED - Business R... [Published JSE Securities Exchange - Jul 18 2014]
Sebi settles case against Talbros Engineering f... [Published Business Standard India - Jul 16 2014]
Rea Vipingo bid down to two horse race after ru... [Published Business Daily Africa - Jul 15 2014]
UK Business Secretary to set out new takeover r... [Published Pharma Letter - Jul 14 2014]
Sebi tailwind for Jet-Etihad deal [Published Calcutta Telegraph - May 09 2014]
SEBI Regulations Strict On Dealers [Published Topnews.in - Jul 29 2011]
1
In Focus
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Content Volume
Document Volume
Network
Network
Contact Us
Sales
Support


Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.