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2010 (7) TMI 289 - SUPREME COURT
Person acting in concert - Whether the offer of rupees one hundred thirteen and paise sixty two only (Rs. 113.62) per share made by the appellant. M/s Daiichi Sankyo Company Ltd. in its public announcement dated 19-1-2009 for acquisition of the shares of Zenotech Laboratories Ltd. was fair and lawful or whether the offer price could not be less than rupees one hundred and sixty only (Rs. 160) per share?
What is material is that the other person was acting in concert with the acquirer at the time of purchase of shares of the target company?
