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Takeover rules for unlisted companies only protect the price, say experts

According to legal experts, a takeover is when a non-controlling shareholder takes control and a squeeze-out is when a controlling shareholder squeezes out minority shareholders

Topics
takeover code | Unlisted companies | NCLT

Ruchika Chitravanshi 



Illustration: Binay Sinha
Illustration: Binay Sinha

India has perhaps become the first major country to bring out takeover rules for . However, a week after it was notified, the jury is still out on the implications of the regulations. Experts point out that there are several ambiguities in the rules and that the exact purpose is not clear, given that takeover rules had so far been limited to public listed companies.

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First Published: Sun, February 09 2020. 20:14 IST

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