SEBI on 17th May, 2024 has issued the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2024. The amendment provides that the effect on the price of the equity shares of the target company due to material price movement and confirmation of reported event or information may be excluded as per the framework for determination of the offer price on takeover offers under this regulation. Further, the effect on the price of the listed equity shares, which are offered as consideration, due to material price movement and confirmation of reported event or information may be excluded as per the framework for determination of the price of equity shares under this regulation.
Specifications Notified for Phospho Gypsum
The Ministry of Agriculture and Farmers Welfare, through the Department of Agriculture and Farmers Welfare, has notified the mandatory specifications for Phospho Gypsum to be