SEBI panel meet review industry takeover norms
New Delhi: Justice P.N.Bhagwati panel on industry takeover norms, appointed by the Securities and Exchange Board of India (SEBI), has convened a meeting on December 13, to hear the views of various industry chambers and investors' associations on the changes that may be required to the SEBI Takeover Regulations 1997.

The meeting has been convened to elicit views in the light of recent developments in the area of takeovers and in order to evolve a more appropriate policy approach. The apex chambers have been asked to furnish views on various issues relating to consolidation of holdings, minimum offer size, penalties for non-disclosure, acquisition in violation of the regulations and pricing of open offers.
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