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No open offer required for inter-se transfer among foreign cos

Last Updated: Friday, January 24, 2014, 18:16

Foreign companies acquiring stake in a listed Indian firm from a group entity, which are "inter-se transfer" of shares, are exempted from making an open offer to the existing shareholders, according to Sebi.

Cabinet may take final call on `control` definition this week

Last Updated: Monday, July 22, 2013, 19:32

The government is likely to take a final call on the definition of "control" in mergers and acquisitions, especially those involving foreign companies, amid uncertainties over the Rs 2,058 crore Jet-Etihad deal.

We don`t need foreign companies: Anna Hazare

Last Updated: Friday, November 30, 2012, 20:37

India can create adequate employment opportunities for its people and there is no need to invite foreign companies, Anna Hazare said.

Foreign companies not needed to revive economy: Hazare

Last Updated: Sunday, November 04, 2012, 22:55

Social activist Anna Hazare on Sunday criticised Prime Minister Manmohan Singh for inviting foreign companies to the country to prop up the economy.