Daiichi Zenotech ruling - “person acting in concert”

The Supreme Court of India has given a ruling in favor of Daiichi to pay to the shareholders of Zenotech Laboratories Limited an exit price of Rs. 113.62 ($2.52) per share in the open offer, instead of Rs. 160 ($3.50) per share as directed by the Securities Appellate Tribunal (SAT).

Daiichi Zenotech ruling - “person acting in concert” barandbench.com barandbench.com Wed, Jul 14, 2010