Tuesday January 17 2012
News Source: Global Disclosures
Focus: Takeover and Acquisition
Type: General
Country: India
Further to the update of 9 January, it is being reported that the Securities and Exchange Board of India has refused to exempt any sector from the India takeovers code, forcing the government to rethink its plans to allow foreign airlines to acquire a 26% stake in Indian carriers. This information will be updated as further details become available.