The Takeover Code finalised by the Securities and Exchange Board of India (Sebi) today has again brought preferential allotments under the purview of the Code. However, Sebi has said that deals amounting to two per cent equity may not have to be disclosed to the stock exchanges.
The amendments to the Sebi Takeover Code regulations, 1997 have been finalised and the report is expected to be notified soon. Sources in the know said that most of the recommendations made at the last meeting on April 29 have been accepted.
