CAIRR Update July 28, 2020

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CAIRR Update July 28, 2020

July 28, 2020
Summary of the circular issued by SEBI on 27/07/2020
SEBI further extends the relaxation relating to procedural matters on Takeovers and Buy-back due to CoVID-19 pandemic pertaining to open offers and buy-back tender offers opening upto December 31, 2020
Through this circular, SEBI has extended the relaxations granted with respect to service of the letter of offer and/or tender form and other offer related material to shareholders, which may be  undertaken  by  electronic  transmission  as  already  provided under Regulation  18(2)  of  the  SEBI (Substantial  Acquisition  of  Shares  and  Takeovers)  Regulations, 2011 and  Regulation  9(ii)  of  SEBI    (Buy-back    of    securities) Regulations,  2018, vide its earlier circular dated 14/05/2020,  and it shall now be applicable to open  offers  and buy-back tender offers opening up to December 31, 2020 (as against the earlier deadline of July 31,2020).

This circular is integrated in our free-to-use website for quick reference.

By | 2020-07-28T17:34:18+00:00 July 28th, 2020||0 Comments

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