TakeoverCode ZOOM LENS: M/s Khaitan Electricals Limited
We have endeavored to bring all the issues to help you understand the viewpoints and clarifications considered by the officers through “Zoom-in” section on this case study. Following are some of the queries involved in this order, which needs discussion:
- Whether Regulation 10 and regulation 11 of SEBI (SAST) Regulations, 2011 are considered to be mutually exclusive?
- Whether the contention of the Notices that the reference date for determining the pre-allotment and post-allotment shareholding for the purposes of regulation 11(1) should be the first acquisition of shares by the acquirer in the financial year is acceptable?
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Ms. Ruchi Hans/ Ms. Divya Vijay