Supreme Court · 2015 INSC 865 · Decided 26 November 2015
A. R. Dahiya v. Sebi
- Court
- Supreme Court of India
- Citation
- 2015 INSC 865 · [2015] 12 S.C.R. 202
- Case number
- CIVIL APPEAL No. 2727/2006
- Decided
- 26 November 2015
- Bench
- VIKRAMAJIT SEN, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Securities and Exchange Board of India (Substantial c Acquisition of Shares and Takeovers) Regulations, 1997 - Regs 3, 10, 11, 12, 16 and 20 - Takeover of company - Transaction of buy-back of shares between promoter and State Financial Institution - Requirement of disclosure in the public acquiring in excess of 15% of the total shareholding of the Target Company - Appellant made a public announcement making an offer to the remaining shareholders of the target company to purchase shares of the company at an offer price of Rs 8. 75 per equity share E when their face value
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