Market regulator Sebi will restructure the acquisition panel to investigate applications that underwrites must provide to minority shareholders and wish to be exempt from public proposals. Regulators have appointed N Venkatram MD and CEO Deloitte India as a new member of the Takeover Panel.
A panel chaired by Karnataka and former Secretary of the High Court of Kerala, NK Sodhi, recommended Sebi on these applications, after which regulators gave the relevant parties an opportunity before passing the command. It offers. Sodhi was also the former chairman of the Securities Appellate Tribunal. Other members of the
panel are Darius Khambata (former president of the defense, Maharashtra) and Thomas Mathew T (chairman of all Indian life insurance companies).
Sevi first formed a four-member takeover committee in November 2007 under the chairmanship of K Kannan, the former chairman of Baroda Bank.
READ MORE: PNB Housing Finance likely to challenge Sebi freeze on Carlyle deal at tribunal
My name is Mayank Bansal I have a keen interest in writing about the latest happenings in business and market. I am a news writer at review minute.
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