Sebi suspects share price foul play through open offers

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SummaryOpen offer price is determined on the basis of average prevailing market price of the concerned company.

in October 2011, while certain changes were made to these norms last month based on the experience gained from the market and to bring in more transparency for the benefit of public shareholders as well as the corporates.

The regulator may consider further changes to the takeover norms, based on feedback from investors and other entities.

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