SEBI on 17th May, 2024 has issued the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2024. The amendment provides that the effect on the price of the equity shares of the target company due to material price movement and confirmation of reported event or information may be excluded as per the framework for determination of the offer price on takeover offers under this regulation. Further, the effect on the price of the listed equity shares, which are offered as consideration, due to material price movement and confirmation of reported event or information may be excluded as per the framework for determination of the price of equity shares under this regulation.
Revamping Energy Governance: Amendments in Madhya Pradesh’s Electricity Code
4 July 2024
The Madhya Pradesh Electricity Regulatory Commission (MPERC) has recently enacted significant amendments to the Madhya Pradesh Electricity Supply Code, 2021.
