Thread by @Sanju_Verma_

This is BIG-#Promoters having 25% or more shares in a company can raise shareholding now,by 10% in a year,Vs earlier 5% limit

Increase in limit,permitted only via #preferential issue of equity shares

Will enable Cos greater access to #capital&very pro #markets

#TakeoverCode💪

Any rise in voting right beyond permitted threshold will result in mandatory open offer,vide 3(2) of takeover code

Threshold raised from 5 to 10%,via preferential issue,only for FY21

Change in #TakeoverCode,to help capital raising,by corporates,big step by @narendramodi govt💪

Increase in shareholding or voting rights,permitted only till 75% of non public shareholding limit

Gap between two #QIPs by listed entity,reduced from 6 months to just 2 weeks..this is HUGE& reflects @narendramodi govt's commitment to help corporates,to access capital

#Takeover