tag:blogger.com,1999:blog-3202774368551476669.post8131878237330622968..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: SAT on Acquisitions by Persons Acting in ConcertUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3202774368551476669.post-34782641489325656722013-11-12T18:23:42.251+05:302013-11-12T18:23:42.251+05:30No. Regulation 3(3) is clear and the shareholding ...No. Regulation 3(3) is clear and the shareholding of the PAC will be clubbed with the shareholding of the acquirer for the purposes of regulation 3(1) and 3(2).<br /><br />Kind regards,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-21575506543334750122013-11-12T13:54:11.069+05:302013-11-12T13:54:11.069+05:30Interesting... Would that then mean that each memb...Interesting... Would that then mean that each member of a group of PACs can acquire upto 5% of the target in any given financial year?Anonymousnoreply@blogger.com