{"id":262063,"date":"2019-03-02T04:55:59","date_gmt":"2019-03-02T04:55:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262063"},"modified":"2019-03-02T04:55:59","modified_gmt":"2019-03-02T04:55:59","slug":"cloud-over-etihads-jet-airways-open-offer-plan-as-sebi-tightens-open-offer-norm","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cloud-over-etihads-jet-airways-open-offer-plan-as-sebi-tightens-open-offer-norm\/","title":{"rendered":"Cloud over Etihad\u2019s Jet Airways open offer plan as Sebi tightens open offer norm"},"content":{"rendered":"<p>Mumbai: The Securities and Exchange Board of India (Sebi) on Friday tightened the takeover code and Issue of Capital and Disclosure Requirements (ICDR) for exemption from open offers, a decision that corporate lawyers said could impact Etihad Airways PJSC&#8217;s plans to invest in Jet Airways (India) Ltd.<\/p>\n<p>The exemption from making an open offer in case of acquisition of over 26% in a listed company will be allowed only to banks, lenders and financial institutions. \u201cExemption from open offer will not be allowed to any other person except the aforesaid lenders,&#8221; according to a Sebi statement issued after a meeting of its board on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The Securities and Exchange Board of India (Sebi) on Friday tightened the takeover code and Issue of Capital and Disclosure Requirements (ICDR) for exemption from open offers, a decision that corporate lawyers said could impact Etihad Airways PJSC&#8217;s plans to invest in Jet Airways (India) Ltd. The exemption from making an open offer in case of acquisition of over 26% in a listed company will be allowed only to banks, lenders and financial institutions. \u201cExemption from open offer will not be allowed to any other person except the aforesaid lenders,&#8221; according to a Sebi statement issued after a meeting [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-262063","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=262063"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262063\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}