Target-co.’s Share Price Impact From Material Price Movements Can Be Excluded When Determining Offer Price | SEBI
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- Last Updated on 20 May, 2024
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Notification No. SEBI/LAD-NRO/GN/2024/179; Dated: 17.05.2024
SEBI has notified the SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2024. Regulation 8 relating to the offer price has been amended. As per the amended norms, the effect on the price of the target company’s equity shares due to material price movements and confirmation of reported events or information may be excluded to determine the offer price under this regulation. The amended norms are effective from May 17, 2024.
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