Payment upon success of the offer

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ulation 20 of these regulations 1 [ or fixed price offered by the acquirer in terms of sub-regulation (1) of regulation 20A of these regulations ] , as stated in the public announcement in the following manner - (i) In case the discovered price is equal to the floor price or the indicative price as provided under regulation 20 , or in case the acquirer is bound to accept the equity shares in the d .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... terms of sub-regulation (1) is not paid to all the shareholders within the time specified thereunder: Provided that in case the delay was not attributable to any act or omission of the acquirer or was caused due to the circumstances beyond the control of the acquirer, the Board may grant waiver from the payment of such interest. *************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NR .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X