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Person acquiring shares to make public announcement.

acquiring shares from the promoters or the persons in charge of the management of the affairs of the financially weak company or the financial institution shall make a public announcement of his intention for acquisition of shares from the other shareholders of the company. (2) Such public announcement shall contain relevant details about the offer including the information about the identity and .....

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ares remaining with the shareholders at the same offer price, which may have the effect of delisting the target company; or (b) undertake to disinvest through an offer for sale or by a fresh issue of capital to the public which shall open within a period of six months from the date of closure of the public offer, such number of shares so as to satisfy the listing requirements. (5) The letter of of .....

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