Sebi to form panel to review takeover code: Bhave

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.

"And for that purpose, we are thinking of setting up a committee which will do this," Bhave added.

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