The Report of the Takeover Regulations Advisory Committee (TRAC) is, as is widely reported, released. SEBI’s Press Release summarizes the important recommendations.
Here’s my short piece on the subject in today’s Mint. Here are Sandeep Parekh’s views on his blog.
Would write soon here particularly on issues such as the hike in threshold limit, increase in size of the open offer to 100% of the public shareholding, indirect acquisitions, delisting and the revised pricing formula.
– Jayant Thakur