Substantial Acquisition of Shares and Takeovers

 

SEBI has initiated action against 10 companies in 1996-97 under the SEBI (Substantial Acquisition of Shares and Take- overs) Regulations, 1994, as against 3 companies in 1995-96. The Investigations Division of SEBI took up 3 cases of alleged violation of the take-over regulations and the investigation is at an advanced stage.