A Takeover Offer is a type of action in which a an offer is being made to acquire another Listed Company. It could be made by an Individual or a Group or Any Legal Entity, which is known as the acquirer, while the subject matter of the bid is referred to as the target company. The takeover Offer could be a Friendly offer or could be a Hostile Offer.
Securities and Exchange Board of India (substantial acquisition of shares and Takeovers) Regulations, 2011 is the primary piece of Law which regulates Takeovers of Listed Companies in India.
An Open Offer is made to the Public shareholders of Target Company pursuant to a Trigger event as prescribed in regulations to provide them an Exit Opportunity in case the Public shareholders are not willing to continue with the Company and/or upcoming Management pursuant to Takeover Offer.
A Merchant Banker called as Manager to the Offer is a Registered Intermediary who make sure that SEBI (SAST) Regulations are well complied in the Offer and in addition act to prevent any loss to any Public shareholder.
Appointment of Merchant Banker
Trigger Event (Share Purchase Agreement/ Resolution for allotment of Securities/ Acquisition of Shares beyond Threshold)
Submission of Public Announcement
Escrow Account For takeover transaction
Publication of Detailed Public Statement
Public Announcement of Open Offer
Recommendation by the BOD of the target company
Filing of Letter of Offer with the SEBI
Incorporation of Observations of SEBI
Dispatch of Offer Document/ Letter of Offer to shareholders
Opening of Offer
Post offer advertisement
Settlement through Special Escrow Account
Acquisition of shares and submission of Post Offer Monitoring report
We at Corporate CapitalVentures Private Limited provide end to end services to acquirers as well as Target Companies to ensure compliance of all SEBI Regulations.
We handhold the Company and Management throughout the Process of getting their Company Listed on Stock Exchanges and raise funds through IPO.
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