: The acquirer makes a public "tender offer" to buy shares directly from existing shareholders at a specified price.
: The acquirer files a draft Letter of Offer with SEBI for review and comments. how to buy a public company
Buying a public company (often called a "take-private" transaction) is a highly regulated multi-step process that typically involves acquiring a majority of the target's outstanding shares to gain control. In India, this is primarily governed by the (the "Takeover Code") and the Companies Act, 2013 . 1. Acquisition Structures : The acquirer makes a public "tender offer"
: Within five working days, a more comprehensive statement detailing the acquirer, the target, and funding arrangements must be released. In India, this is primarily governed by the
: Shareholders are given a specified period (typically 10 working days ) to tender their shares at the offer price. 3. Key Acquisition Requirements GUIDE TO ACQUIRING A US PUBLIC COMPANY
In India, acquiring of voting rights or gaining "control" triggers a Mandatory Tender Offer (MTO) .