NISM-Series IX: Merchant Banking Certification Exam Notes
Page 69 Of 79
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SAST Penalties: Up to ₹25 crore or 3x profits for violations.
Public Shareholder Rights: Protected through open offer disclosures.
Takeover Documentation: Includes public announcement and letter of offer.
Merchant Banker’s Due Diligence: Critical for takeover success.
Disinvestment Definition: Sale of shares/voting rights in public sector undertakings.
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