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SEBI Takeover code

(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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DEFENSE ADVOCATE.-firmaction@g (Expert) 30 July 2011
From today rules have changed.

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