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An open offer can take place if any of the promoters of a company want to increase their stake or if non-promoters increase their stake to 15% or the company is going to de-list from the stock exchange. An open offer is nothing but the exit route, which...
Tags: open offer, Sebi
Satyam Computers Chairman, Kiran Karnik, on Friday welcomed the Sebi amendment to the takeover regulations. "I have not seen the Sebi amendment in great detail but welcome this move as it helps us (Satyam Board) to move quickly (on the sale process),"...
Tags: Satyam Computer Services Ltd, open offer, Satyam Board, SEBI, sebi amendment, Sebi, takeovers norms, Kiran Karnik, satyam computers, takeovers regulator
Shares in Bajaj Hindusthan, Shree Renuka Sugars, State Trading Corp and Rei Agro, Ruchi Soya will also be watched in anticipation of lower freight costs. Investors will also be upbeat on firmer Asian markets and a Wall Street rebound on Thursday. V.K...
Tags: First Global Stock Broking, Anagram Stock Broking, Mr Sharma, Shankar Sharma, Sebi, V.K Sharma
Purchase of shares etc cannot be regulated by this court," a Bench comprising Chief Justice K G Balakrishnan and Justice P Sathasivam said. The Bench said investigations into the alleged scam has already started and several agencies are involved in the...
Chanchalguda Central jail in Hyderabad, the government-appointed board aiming to put Satyam Computer Services back on the rails by installing a new management and cleaning up its fraud-mauled books extended its meeting to Thursday. The board says Satyam...
Tags: India, B. Ramalinga Raju, Satyam Computer Services, Sebi, Satyam Computers, Andhra Pradesh CID, Satyam Rama Raju, computers services, Chanchalguda, sebi grills
Tuesday secured the Supreme Court's nod to interrogate Satyam Computer founder Ramalinga Raju and his brother Rama Raju for three days from Wednesday in connection with the accounting fraud in the firm...January 8, the day after Ramalinga Raju disclosed...
Tags: Board of Satyam Computer, Satyam Computers, Satyam Board, India, rajus brothers, metropolitan magistrate, chief metropolitan, Hyderabad, SEBI, bail applications
Monday decided to amend its takeover regulations that would save prospective bidders for fraud-hit Satyam Computer Services from having to pay a higher price to gain management control of the Hyderabad-based firm. Satyam for exemption from certain provisions...
Tags: Satyam Computer Services Ltd., Satyamâ, Satyam Seeks Easing, reputation of India Inc, open offer, Sebi, offer rules, market regulator, SEBI, Bhave
January 7 when Mr. Ramalinga Raju resigned from the board of the Satyam. Mr. Ramalinga Raju as he had e-mailed the letter to the market regulator’s chairman C.B...Upon this, Mr. Bhave contacted Mr. Ramalinga Raju over phone to confirm the genuineness...
Tags: Satyam Computer Services, Mr. Ramalinga Raju, SEBI, market regulator, interrogate satyam
The Andhra Pradesh High Court posted to Friday the hearing on its writ petition seeking to record the statements of the Raju brothers in the multimillion-dollar fraud in the IT major...Seshasayana Reddy made it clear that maintainability of the petition...
Tags: Sebi
On the last day of his judicial remand and police custody, Raju and Srinivas Vadlamani, the ex-CFO of the company, were brought to the 6th Additional Chief Metropolitan Court as accused in the Satyam scam at about 3.40 pm. After standing in the enclosure...
Tags: satyam, raju, ramalinga raju, court, bail petition, bail, sebi, hyderabad, Satyam B Ramalinga Raju, fraud