Sebi announces takeover norms for distressed companies * No competitive bids allowed after acquirer offer should be granted relaxation from the board *New board of directors required to come up with transparent plan * Process needs to be provide details of time of public offer *Relaxation in takeover code in interest of public investors

Sebi announces takeover norms for distressed companies * No competitive bids allowed after acquirer offer should be granted relaxation from the board *New board of directors required to come up with transparent plan * Process needs to be provide details of time of public offer *Relaxation in takeover code in interest of public investors
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First Published: Fri, Feb 13 2009. 01 15 AM IST
Updated: Tue, Mar 03 2009. 11 47 AM IST
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First Published: Fri, Feb 13 2009. 01 15 AM IST
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