SEBI to consult CAs, merchant bankers on takeover valuations

To ensure fair treatment of minority investors during takeovers of listed companies, regulator SEBI has decided to seek help of chartered accountants and merchant bankers for an independent valuation of the price offered to small shareholders by new promoters. For the purpose, SEBI would empanel eligible Chartered Accountant firms to take up work relating to valuation of shares under its Takeover Regulations.


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