New takeover norms to take effect in 30 days: SEBI

The Securities and Exchange Board of India (SEBI) on Friday said that the new takeover norms, which include raising the ownership trigger for a mandatory takeover offer in a company to 25 per cent from 15 per cent now, will come into effect in 30 days.

The market regulator had in July said the new rules will require such investors to offer to buy at least 26 per cent more of the company, from the 20 per cent minimum currently.