India's Bharti, MTN Seek Exemption From Merger Rule - Report
Bharti and MTN are currently in talks over a complex $23 billion combination that would create one of the 10 largest companies in the telecommunication industry.
India's market regulator states that post merger if an acquirer buys more than 15% stake in a company then the company has to make an open offer to buy 20% additional shares from existing shareholders of the company acquired.
-By Raghavendra Upadhyaya; Dow Jones Newswires; 91 22 22884212; raghavendra.upadhyaya@dowjones.com
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Publié le 04 Juillet 2009 Copyright © 2009 Dowjones
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