ArchiveNovember 2017

Scope of Exemptions from Open Offer in case of Foreign Merger Transactions

[Supreme Waskar & Sumit Agrawal are lawyers from Suvan Law Advisors. Views are personal.] The Securities and Exchange Board of India (“SEBI”) in its recent informal guidance dated October 30, 2017 in the matter of Linde India Limited (“LIL”) has held that ‘review of merger process’ by ‘competent authorities’ will not exempt the proposed merger from the obligation to make an open offer under...

The ITAT Ruling in the NDTV Case: Some Final Thoughts

[Post by Shreya Rao. The earlier posts in this series can be found here and here]   A quick recap This is the third in a three-part series of posts about the ruling of the Delhi ITAT in the NDTV case. As readers may recall, part 1 commented on how the NDTV tax case paints a poor picture of all actors: The facts as described by the tribunal portray NDTV in a poor light (note that NDTV disputes...

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