Valuation of infrequently traded shares of target-co. to be carried out as per valuation factors of Takeover Code

COMPANY LAW/SEBI: Where target company located abroad was a going concern but its shares were infrequently traded, in terms of Regulation 8 of takeovers Regulations 2011, valuation of shares had to be carried out by taking into account valuation parameters including book value, comparable trading multiples and such other parameters as were customary for valuation of shares of such companies

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