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2007 (5) TMI 334 - SC - Companies LawWhether the shares had been valued by the valuers keeping in view the other parameters enumerated in clause (c) of Regulation 20(5) of the Takeover Code? Held that:- Appeal dismissed. As satisfied that the valuer, Patni & Company have not committed any such error which may justify our interference. They have considered all the factors relevant under Regulation 20(5)(c) of the Takeover Code and have adopted a reasonable approach which does not call for interference. The Board has acted in a reasonable manner and made its best efforts to secure a reasonable price for the shares of the shareholders. It has exercised its discretion wisely and we find no reason to interfere.
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