Takeover

Company Takeover

In business, a takeover is the purchasing of one company (the target) by another (the acquirer, or bidder). Any person who, directly or indirectly, acquires or agrees to acquire whether by himself, or through, or with person acting in concert with him, shares or voting rights in, or control over a target company listed on the stock exchange, leads to acquisition or takeover of the target company.

Our Assistance

The entire process of acquiring business/control is regulated by SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 and other related laws. The acquirer has to be very cautious & law compliant while executing the transaction as any overlooking or non-compliance will lead to hefty penalties resulting into failure of the acquisition.
Therefore, we assist the acquirer to make it a successful by supporting him in following ways:
● Structuring the entire deal in accordance with the requirements of acquirer and in conformity with the prevailing framework of law and the guidelines issued by Securities and Exchange Board of India (SEBI) and the Stock Exchanges with regard to the Takeover.;
● Designing the strategy for each step of acquisition in order to avoid any violation of related laws;
● Conducting due diligence of the target company to the extent required;
Drafting of various documents/agreements required in the process of acquisition;
● Liaison with all the intermediaries like RTA, Merchant Banker, Bankers etc.
● Liaison with SEBI, Stock Exchange(s) the Open Offer being made pursuant to the Takeover Code.
● Post open offer compliances and formalities regarding release of funds from Escrow account.