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As per Reg 3-Notwithstanding anything contained in this regulation, an unpublished price sensitive information may be communicated, provided, allowed access to or procured, in connection with a transaction that would:– (i)entail an obligation to make an open offer under the takeover regulations where the board of directors of the 12[listed] company is of informed opinion that [sharing of such information]is in the best interests of the company; NOTE:It is intended to acknowledge the necessity of communicating, providing, allowing access to or procuring UPSI for substantial transactions such as takeovers,mergers and acquisitions involving trading in securities and change of control to assess a potential investment. In an open offer under the takeover regulations, not only would the same price be made available to all shareholders of the company but also all information necessary to enable an informed divestment or retention decision by the public shareholders is required to be made available to all shareholders in the letter of offer under those regulations. (ii)not attract the obligation to make an open offer under the takeover regulations but where the board of directors of the [listed] company is of informed opinion [that sharing of such information]is in the best interests of the company and the information that constitute unpublished price sensitive information is disseminated to be made generally available at least two trading days prior to the proposed transaction being effected in such form as the board of directors may determine16[to be adequate and fair to cover all relevant and material facts]. NOTE:It is intended to permit communicating, providing, allowing access to or procuring UPSI also in transactions that do not entail an open offer obligation under the takeover regulations 17[when authorized by the board of directors if sharing of such information]is in the best interests of the company. The board of directors, however, would cause public disclosures of such unpublished price sensitive information well before the proposed transaction to rule out any information asymmetry in the market.
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Profit percentage received on a product when sold for Rs. 550 is equal to the percentage loss incurred when the same product is sold for Rs. 250. Find t...
If the cost price of 120 articles is equal to the selling price of 45 articles, find the profit percent.
A shopkeeper purchased an article for Rs. ‘a’ and marked it 150% above its cost price and sold it after giving two successive discounts of 300 and 2...
A trader marks his goods 40% higher than the cost price and gives a 20% discount on the marked price. Calculate his profit percentage.
A shirt is marked 40% above the cost price and sold after a discount of Rs.126 at Rs.322. Find the cost price of the shirt.
The ratio of cost price and selling price of a shirt is 5:6 respectively. The shirt was marked up by 25% above its cost price, and sold after giving Rs....
A wholesaler mark up his good such that he can gain 8% profit after giving 10% discount to his customers. One particular customer availed a discount of...
A loss of 15% is made by selling an article. Had it been sold for Rs.75 more, there would have been a profit of 10%. What would be the selling price of ...
A Shopkeeper sold an article at 5% loss. If he had sold it for Rs. 350/- more, he would have made 20% profit, find the selling price of the article?