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Sebi says no to foreign funds looking to complete mergers off market, says report

Updated : April 09, 2019 09:23 AM IST

Six foreign funds had asked the Sebi to allow the transfer of shares as part of the acquisition through off-market transactions, the report said.
As per the report, the foreign funds sought this request because of the costs involved in doing these transactions through the stock exchanges.
Sebi says no to foreign funds looking to complete mergers off market, says report

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