Indian Securities Agency Loosens Acquisition Rules

Law360, New York (February 13, 2009, 12:00 AM EST) -- India’s securities trade authority has issued a series of amendments to relax the regulations governing the acquisition of publicly traded companies that could make it easier for troubled outsourcing vendor Satyam Computer Services Ltd. to find a buyer.

The Securities and Exchange Board of India on Friday announced the changes, which would save companies from having to meet all of the provisions of the country’s securities regulations under certain conditions.

SEBI Chairman C.B. Bhave said the board would relax any of the relevant provisions based on...
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