SEBI Takeover code

V.Satya venkatarao (Querist) 30 July 2011 This query is : Resolved
Pl clarify as to whether a disclosure under Regulation 7 of the take over code is required to be made by a bank or Financial Instiution when it acquires shares through invocation of the pledged shares. I am of the view that such a disclosure is not necessary as the banks & fi's are exempted from such disclosure

vsv.rao

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