India: Sebi's new proposal may spark flurry of ‘take private’ M&As

India: Sebi's new proposal may spark flurry of ‘take private’ M&As

Photo by Livemint

India may see a flurry of corporate acquisitions ending in delisting if a regulatory proposal to smoothen the process goes through, industry experts said.

A Securities and Exchange Board of India (Sebi) discussion paper released on Friday proposed a seamless process to attempt delisting when one acquires a significant stake under the takeover code. This is expected to usher in so-called ‘take private’ mergers and acquisitions (M&As) by private equity funds and foreign companies.

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