Market regulator the Securities and Exchange Board of India (Sebi) today said it would soon set up a committee to look into the entire takeover code and see if it needs any changes.

"These guidelines (takeover code) keep evolving. So, we are looking (at) entire takeover code ..Whether it needs any changes or so, depending on the changes that have taken place since we last amended it," Sebi Chairman C B Bhave told reporters in response to questions on the sidelines of an interactive session.

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Asked how soon the committee was going to be set up, he said: "It should be fairly soon."

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