Panel to review takeover code soon: Sebi

The Securities and Exchange Board of India (Sebi) plans to set up a committee to look into the entire takeover code soon. The panel would also see if the code needed any changes, Sebi chairman CB Bhave said here On Tuesday.

“The guidelines on takeover code keep evolving. So, we are looking at the entire takeover code. Whether it needs any changes or not will depend on the changes that have taken place since we last amended it,” he told reporters on the sidelines of an interactive session with businesses.

“For that purpose, we are considering setting up of a committee,” Bhave added. Asked how soon the committee would be set up, he said, “It should be fairly soon.”