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.
Government Steps in to Support Onion Farmers with Market Intervention Scheme
The Government of India has implemented the Market Intervention Scheme (MIS) to safeguard the interests of farmers cultivating perishable horticultural crops, including onions. This initiative