How To Buy: A Public Company
Buying a public company (often called a "take-private" transaction) is a highly regulated multi-step process that typically involves acquiring a majority of the target's outstanding shares to gain control. In India, this is primarily governed by the (the "Takeover Code") and the Companies Act, 2013 . 1. Acquisition Structures
: The acquirer files a draft Letter of Offer with SEBI for review and comments. how to buy a public company
There are two primary legal pathways to acquire a public company: : Buying a public company (often called a "take-private"
: Within five working days, a more comprehensive statement detailing the acquirer, the target, and funding arrangements must be released. how to buy a public company
Requires approval from the target's board of directors and a majority (often in India) of shareholders.