SEBI Considers Mandating Target Company Information Sharing in Open Offers
2 hours agoBusiness
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1 SourcesUnited Kingdom
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SEBI Considers Mandating Target Company Information Sharing in Open Offers

The Securities and Exchange Board of India (SEBI) is considering making it mandatory for target companies to share crucial details with acquirers during open offers. Currently, Takeover Regulations place the onus on acquirers to ensure information accuracy but do not obligate target companies to cooperate or provide data. This proposed change aims to address situations where target companies or their management obstruct the acquisition process by withholding necessary information, potentially preventing lengthy legal disputes.

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