Supreme Court · 2010 INSC 374 · Decided 8 July 2010
Daiichi Sankyo Company LTD. v. Jayaram Chigurupati & ORS.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 374 · [2010] 8 S.C.R. 251
- Case number
- CIVIL APPEAL No. 7148/2009
- Decided
- 8 July 2010
- Bench
- S.H. KAPADIA, AFTAB ALAM, SWATANTER KUMAR (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Securities and Exchange Board of India (Substantial A B Acquisition of Shares and Takeovers) Regulations, 1997: C Regulations 20(4)(b), 20(12), 2(e)(1) and (2) - Offer price for acquisition of shares in case of indirect takeover of a company - Determination of - Ranbaxy acquired shares 2008 at a price of Rs. 160 per equity D share - On June 16, 2008, Daiichi made public announcement to the shareholders of Ranbaxy to acquire shares - Daiichi acquired more than 50% of share capital of Ranbaxy on October 20, 2008 and Ranbaxy became subsidiary of Daiichi - On January 19, 2009,
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