Home Case Index All Cases Companies Law Companies Law + SCH Companies Law - 2006 (12) TMI SCH This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (12) TMI 230 - SC ORDERIssues raised in this Appeal are partly covered by the Judgment of this Court in the case of Clariant International Ltd. v. SEBI [2004 (8) TMI 390 - SUPREME COURT OF INDIA] wherein following directions are issued :— The Appellants will make the public announcement of the offer within a period of 45 days from the date of this Order having regard to the referral date as 28-4-1999. The Appellants will pay the offer price with interest at the rate of 10 per cent per annum with effect from 27-8-1999 till the date of payment to all those who were shareholders on 27-8-1999 and continue to be shareholders of the target Company on the closure date of the public offer. The Bank guarantee furnished under Order dated 17th November, 2003 in favour of the respondents shall be kept alive till conclusion of the purchase pursuant to the public announcement and offer.
|