Takeover code

If the target company is a private company and the acquirer company is an unlisted company will the takeover code be applicable?

No, Takeover Regulations are applicable only for listed companies. As per takeover code, “target company” means a company and includes a body corporate or corporation established under a Central legislation, State legislation or Provincial legislation for the time being in force, whose shares are listed on a stock exchange

Answer given by Shubhamm Sir at 10-Apr-2023 07:09 PM