INDIAN TAKEOVER CODE IN SEARCH OF EXCELLENCE (A CASE STUDY APPROACH)

Mahesh Kumar Tambi
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Mahesh Kumar Tambi: ICFAI Institute for Management Teachers

Macroeconomics from EconWPA

Abstract: M&A and Takeovers are the powerful ways to achieve corporate growth, but because of their complex nature, to protect the interest of all the parties, curb the malpractices and to facilitate orderly development these activities are regulated by a takeover code in most part of the world. In India after liberalization Govt. started to regulate these activities by introducing a takeover code. This code has gone through various major and minor changes since then to respond the challenges it faced during implementation and also to overcome its shortcomings. My study is an attempt to discover what challenges it faced and what changes were incorporated in the code over the period of time. Whether these successive changes are leading Indian takeover code in a proper direction, also what are the major shortcomings of the code at present. What are the critical issues, which need immediate attention to make it more effective. In the paper I tried to explain these challenges by quoting major controversial takeover battles after 1990s.

Keywords: Indian Takeover Code; Threshold limit; Conditional Offer; Cripping facility; Trigger point; Negotiated offer; Bail-out takeover (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc and nep-mac
Date: 2005-04-15
Note: Type of Document - pdf; pages: 25
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0504021

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