Relaxations relating to procedural matters – Takeovers and Buy-back

May 14, 2020 | Updates

 

The relaxations provided are as follows:
1. Subject to certain conditions, Service of the letter of offer and/or tender form and other offer related material to shareholders may be undertaken by electronic transmission
2. Inspection of material documents to be provided electronically
3. As far as possible, attempts will be made to adhere to the existing prescribed framework

 

Effective date: May 14, 2020

 

Source: SEBI circular No. SEBI/CIR/CFD/DCR1/CIR/P/2020/83 dated May 14, 2020