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Sebi exempts government from open offer for Union Bank after capital infusion

Updated : March 22, 2019 11:12 PM IST

In February, the government proposed a capital infusion of Rs 4,112 crore in the public sector lender through preferential allotment of shares.
Under the takeover norms, the acquirer is required to make a public announcement of an open offer to acquire shares in case the existing stake goes beyond a certain threshold.
Sebi exempts government from open offer for Union Bank after capital infusion

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