Until now to make an open offer, the acquirer had to have 15% stake in the target company. This threshold has been increased to 25%(which bestows the acquirer with the power to pass resolutions within the board). This makes sense because a company, wanting to build up a strategic position in the target company, would go to the open market.
Moreover, the time period for making the open offer has been considerable reduced to 57 days. This will help in expediting the whole process.
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