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Open Offers & Takeover Code

Oblatio Publica

SEBI Takeover Code compliance — open offer documentation, regulatory filings, competing bid advisory, and shareholder communication.

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What We Do

Acquisitions of shares in listed companies that cross prescribed thresholds trigger mandatory open offer obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. We provide comprehensive advisory on trigger identification, open offer structuring, documentation, regulatory filings, and execution — for both acquirers and target companies.

Our Services

✓ Trigger analysis — identifying open offer obligations
✓ Public Announcement and Detailed Public Statement drafting
✓ Letter of Offer preparation
✓ SEBI filing and observation management
✓ Manager to the Offer coordination
✓ Escrow account and financial arrangement structuring
✓ Competing offer strategy and defence advisory
✓ Exemption applications under Regulation 11

For Target Companies

✓ Board of Directors' recommendation/opinion
✓ Independent director committee advisory
✓ Shareholder communication strategy
✓ Defence mechanism evaluation
✓ Valuation and fairness opinion coordination

Related Services

"Consilium fidele, eventus certus"

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